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- W2234954531 abstract "One salient contribution of research lies in the finding of organizational activities as a valid element complementing market activities to explain economic and social activities of individuals. The findings that government policies operating through social networks may be considered such organizational activities that are directed towards the encouragement of industrial activities through the generation of learning process or the striking on innovation process. Recognition of the role of institutional factor in industrial activities implies the validity of efficiency comparison between institutional structures. Enhancement in efficiency of a specific institutional structure reduces transaction costs of industrial activities which are operating on that institutional structure, opening another channel to encourage industrial activities in designated industrial field through maneuvering of public policies. The possibility of encouraging industrial activities through public policies operating on institutional changes, in combination with the property of path-dependence of technology, amounts to implying the ability to change patterns of comparative advantage through the operation of public policy, which bears the validity of the theory of ex ante comparative advantage. Industrial policy seems to become instrumental to the operation of strategic control on how to navigate prospective pattern of comparative advantage of a nation." @default.
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- W2234954531 date "2001-03-01" @default.
- W2234954531 modified "2023-09-24" @default.
- W2234954531 title "Industrial Policy Recognized as Organizational Activity to Stimulate Industrial Development" @default.
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