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Crisis, what crisis? Industrial strategies and path dependencies in four European countries after the crash
Journal of Economic Policy Reform ( IF 2.059 ) Pub Date : 2020-07-04 , DOI: 10.1080/17487870.2020.1785297
Angela Garcia Calvo 1 , Steven Coulter 2
Affiliation  

ABSTRACT

This paper examines industrial policy responses to the 2008 crisis in four European countries and gauges their long-term significance by asking: to what extent were these politicised, short term remedies; or enduring policy changes? We find that policy responses varied significantly in their coherence and long-term impact and argue that the key influential factors were: the presence of large, globally competitive manufacturing bases spanning several adjacent sectors; and the existence of strong public-private elite networks, rather than pre-existing institutional structures – which proved surprisingly malleable. The paper contributes to the understanding of the determinants of policy-making in times of crisis.



中文翻译:

危机,什么危机?崩盘后四个欧洲国家的产业战略和路径依赖

摘要

本文考察了四个欧洲国家对 2008 年危机的产业政策反应,并通过以下问题来衡量其长期意义:这些政治化的短期补救措施在多大程度上?还是持久的政策变化?我们发现,政策反应在连贯性和长期影响方面存在显着差异,并认为关键的影响因素是:跨越多个相邻部门的大型、具有全球竞争力的制造基地的存在;以及强大的公私精英网络的存在,而不是预先存在的制度结构——事实证明,这令人惊讶地具有可塑性。本文有助于理解危机时期决策的决定因素。

更新日期:2020-07-04
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