文档介绍：本科毕业论文外文翻译
外文题目: Industrial Policy in an Imperfect World
出处: Journal of Development Economics
作者: Roland Hodler
Abstract
Theoretical analyses of industrial policy normally restrict the range of possible es by abstracting from either market or government failures. This paper thus studies industrial policy and its effectiveness in a model that includes both market and government introduce a public agency responsible for industrial policy into the model of Hausmann and Rodrik (2003), and assume that this agency has limited information and is partly politically motivated. We further extend the model to allow the public agency municate with entrepreneurs and the entrepreneurs to engage in rent seeking. We find that industrial policies are ineffective if the public agency is poorly informed, but that they are not necessarily ineffective if the public agency is highly politically motivated. Given a highly politically motivated public agency, industrial policies are effective if and only if the institutional setting ensures that such policies are modest . by restricting the public agency’s budget. Moreover, our model helps us to understand why the same industrial policies that have failed elsewhere have been relatively essful in South Korea and Taiwan.
Ⅰ. Introduction
Some economists suggest that industrial policies should be used in developing countries t