Arbeitspapier
Clusters and Comparative Advantage: Implications for Industrial Policy
Industrial agglomerations or `clusters` arise in the presence of industry-specific and local externalities, also called Marshallian externalities. The standard argument is that such externalities may justify a policy of infant-industry protection to allow and encourage clusters to emerge. This paper explores that argument and shows that different policy implications emerge under a more realistic modeling of clusters. In particular, rather than distorting prices to promote clusters in `advanced`sectors that may exhibit strong clustering possibilities, countries should focus instead on promoting clustering in current sectors that have demonstrated the strongest comparative advantage. Import substitution is not a proper way to achieve such a goal.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 523
- Klassifikation
-
Wirtschaft
- Thema
-
Regionales Cluster
Komparativer Vorteil
Industriepolitik
Importsubstitution
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Rodríguez-Clare, Andrés
- Ereignis
-
Veröffentlichung
- (wer)
-
Inter-American Development Bank, Research Department
- (wo)
-
Washington, DC
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Rodríguez-Clare, Andrés
- Inter-American Development Bank, Research Department
Entstanden
- 2005
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