International competitiveness and policy in dynamic industries

Authors

  • W. MILBERG
  • P. GRAY

DOI:

https://doi.org/10.13133/2037-3643/10675

Keywords:

Dynamic industries, investment, government policy

Abstract

The work provides an analysis of “dynamic industries” to shed new light on the role of state intervention in the promotion of the international competitiveness of domestic firms, highlighting the difficulty of formulating such a policy in the presence of multinational enterprises. The concepts of “mandated investment expenditures” and “discretionary profits” for dynamic industries in a closed economy context are defined and a simple formalisation for the follower-firm problem is presented. The authors open up the model to international trade in goods and focus on the implication of government policies and national institutions. Mandated investment expenditures in a model of international trade in goods and factors of production are then considered.

 

JEL: F40, L78, O38

Downloads

Published

2013-10-18

How to Cite

MILBERG, W., & GRAY, P. (2013). International competitiveness and policy in dynamic industries. PSL Quarterly Review, 45(180). https://doi.org/10.13133/2037-3643/10675

Issue

Vol. 45 No. 180 (1992)

Section

Editorial

License

 
 
Licenza Creative Commons
 
All material in this website and every article published by the Review are licensed under a Creative Commons Attribution - Non commercial - No derivates 4.0 International license.
The authors who publish on this journal maintain all rights on their works without any restrictions.