Hostname: page-component-848d4c4894-cjp7w Total loading time: 0 Render date: 2024-07-08T02:25:43.088Z Has data issue: false hasContentIssue false
  • English
  • Français

Appraising Selective Financial Assistance to Industry: A Review of Institutions and Methodologies in the United Kingdom, Sweden and West Germany

Published online by Cambridge University Press:  28 November 2008

R. M. Grant
R. M. Grant
Affiliation:
Centre for Business Strategy London Business School
Get access Rights & Permissions [Opens in a new window]

Abstract

The ability to forecast and evaluate the impact of selective financial assistance is crucial to the formulation of effective policies of selective industrial intervention. A survey of institutions and methodology across the three countries reveals inadequacies in the quality and the extent of governments’ appraisal of industrial assistance measures. The principal problems of quantitative appraisal are identified and discussed and suggestions are made for improvements in the procedures and methods of appraisal, with the purpose of improving the formulation and the implementation of policies of selective industrial assistance.

Type
Articles
Information
Journal of Public Policy , Volume 3 , Issue 4 , October 1983 , pp. 369 - 395
Copyright
Copyright © Cambridge University Press 1983

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Allen, G. C. (1981) Industrial policy and innovation in Japan. In Carter, C. (ed.), Industrial Policy and Innovation, London: Heinneman.Google Scholar
Barker, T. et al. (1980) The Cambridge multisectoral dynamic model: an instrumentfor national economic policy analysis, Journal of Policy Modelling, 2, 319–344.CrossRefGoogle Scholar
Broadway, F. (1976) Upper Clyde Shipbuilders: A Study of Government Intervention in Industry. London: Centre for Policy Studies.Google Scholar
Bundesminister fur Forschung und Technologie (1976) Drittes DV-Programm 1976–1979. Bonn.Google Scholar
Byatt, I. C. R. (1976) Comment on a paper by A. R. Prest. In Whiting, A. (ed.), The Economics of Industrial Subsidies, London: HMSO.Google Scholar
Carlsson, Bo (1981) Industrial subsidies in Sweden: Macroeconomic effects and an international comparison. EARIE Conference Paper,September.Google Scholar
Carlsson, B., Bergholm, F. and Lindberg, T. (1981) Industristodspolitiben och dess inverkan pa samhallsekonomin. Stockholm: IUI.Google Scholar
Central Policy Review Staff (1975) The Future of the British Car Industry. London: HMSO.Google Scholar
Committee of Public Accounts (1980) Measuring the Effectiveness of Regional Policy, Session 1980–81, HC 206. HMSO.Google Scholar
Committee of Public Accounts (1981) Government Financial Assistance to International Computers Ltd, Session 1981–82, HC 7. HMSO.Google Scholar
Central Policy Review Staff (1975) The Future of the British Car Industry. London: HMSO.Google Scholar
Corden, W. M. (1971) The Theory of Protection. London: Oxford University Press.Google Scholar
Corden, W. M. and Fels, G. (eds.) (1976) Public Assistance to Industry. Protection and Subsidies in Britain and Germany. London: Macmillan.CrossRefGoogle Scholar
Department of Employment (1978) Small firms employment subsidy, an evaluation of its effectiveness, Department of Employment Gazette, 05, 549–555.Google Scholar
Department of Industry (1975) The British Motor Cycle Industry. A Report prepared for the Secretary of State for Industry by the Boston Consulting Group, HC 532. London: HMSO.Google Scholar
Department of Industry (1978) Wool Textile Industry Scheme: An Assessment of the Effects of Selective Assistance under the Industry Act 1972. London.Google Scholar
Department of Industry (1982) Guide to Schemes of Government Support: Selective Financial Assistance to Industry. London.Google Scholar
Department of Trade and Industry (1973) British Shipbuilding 1973: A Report to the Department of Trade and Industry by Booz-Allen and Hamilton BV. London: HMSO.Google Scholar
Deutscher Rundestag (1969a) Grund satze der Sektoralen und Regionalen Structurpolitik Drucksache V/2469, Bonn.Google Scholar
Deutscher Bundestag (1969b) Structure Report I969, Drucksache V/4564. Bonn.Google Scholar
Deutscher Bundestag (1970a) Grundstaze der Structurpolitik Fur Kleine und Mittlere Undernehmen, Drucksache VI/1666, Bonn.Google Scholar
Deuscher Bundestag (1970b) Structure Report 1970, Drucksache VI/761, Bonn.Google Scholar
Deutscher Bundestag (1977) Sechster Subventionsbericht, Drucksache 8/1195. Bonn, 17 11.Google Scholar
Deutscher Bundestag (1979) Seibter Subventionsbericht, Drucksache 8/3097. Bonn, 8 08.Google Scholar
Deutscher Bundestag (1981) Acter Subventionsbericht Drucksache 9/86. Bonn, 6 11.Google Scholar
Dorward, H., Davies, H., Driver, C. and Topple, M. (1979) Public money and industrial structure. Polytechnic of North London, Working Papers in Economics, Business and Management No. 2.Google Scholar
Eiliasson, G. (ed.) (1978) A Micro to Macro Model of the Swedish Economy. Stockholm: IUI.Google Scholar
Engelbrecht, P. O., Johnson, L., Osterberg, T. (1979) Information for Regional Planning Systems in Sweden. Report to the Council of Europe Seminar on Information Systems for Regional Planning, Madrid, June.Google Scholar
Expenditure Committee (1972) Sixth Report from the Expenditure Committee, Session I971–72: Public Money in the Private Sector, HC 347 London: HMSO.Google Scholar
Expenditure Committee (1976) Eighth Report from the Expenditure Committee, Session 1975–76: Public Expenditure on Chrysler UK Ltd. HC 596(1). London: HMSO.Google Scholar
Expert Group for Labour Market Research (1974) Att utvardera arbetsmarknadspolitik (‘The evaluation of labour market policy’) EPA, SOU 1974: 29, Stockholm.Google Scholar
Expert Group for Labour Market Research (1978) Arbetsmarkanadspolitik: torandring EFA: Stockholm. English summary: Labour Market Policy in Transition: Summary of a Report From the Expert Group for Labour Market Research at the Swedish Ministry of Labour.Google Scholar
Expert Group on Regional Studies (1974) Follow up of Regional Incentives in Sweden: A report by the Expert Group on Regional Studies. Ministry of Labour. Stockholm. (A summary of the study was published in A Report on Methods of Measuring the Effects of Regional Policies. Paris: OECD, 1977).Google Scholar
Expert Group on Regional Studies (1974) Follow up of Regional Incentives in Sweden:A report by the Expert Group on Regional Studies. Ministry of Labour. Stockholm. (A summary of the study was published in A Report on Methods of Measuring theEffects of Regional Policies. Paris: OECD, 1977).Google Scholar
Expert Group on Regional Studies (1978) Promotion of Regional Development. A Report by the Expert Group on Regional Studies(ERU) Industridepartementet. Stockholm, November.Google Scholar
Feldstein, M. A.Flemming, H. (1971) Tax policy, corporate saving and investment behaviour,Review of Economic Studies, 38, 415–;23.CrossRefGoogle Scholar
Finger, J. MHall, H. K.Nelson, D. R. (1982) The political economy of administered protection,American Economic Review, 72, 452–;66.Google Scholar
Finlay, A. W. (1980) Swedish industrial policy planning – a workshop report,Long Range Planning, 12, 55–;9.CrossRefGoogle Scholar
Gibbs, R. An economic analysis of Stages I and II. In Potter, et al. (1983).Google Scholar
Glismann, H. H., and Weiss, F. D. (1980) On the political economy of protection in Germany. Institut Fur Weltwirtschaft Kilel, Working Paper No. 113.Google Scholar
Grant, R. M. (1982), Government cannot pick winners, Journal of Economic Affairs, 3 (10), 29–32.CrossRefGoogle Scholar
Grant, W. (1982) The Political Economy of Industrial Policy. London: Butterworth.Google Scholar
Greig, M. A. (1972) The Economic Impact of the Highlands and Islands Development Board's Investment in Fisheries. Inverness: Highlands and Islands Development Board.Google Scholar
Guteland, G. (1979) Swedish Experience of Cooperation between research and planning in the context of regional policy, Expert Group for Regional studies, Stockholm.Google Scholar
Hager, W. (1982) Industrial policy, trade policy and European social democracy. In Pinder, J. (ed.), National Industrial Strategies and the World Economy, New Jersey: Atlantic Institute for International Affairs.Google Scholar
Hamilton, C. (1980) The effects of non-tariff barriers to trade on prices, employment and imports: the case of the Swedish textile and clothing industry. World Bank Staff Working Paper 429, Washington DC.Google Scholar
Hogwood, B. (1976) Monitoring of government involvement in industry: the case of shipbuilding, Public Administration, 52, 409–424.CrossRefGoogle Scholar
Hosomi, T. and Okumura, A. (1982) Japanese industrial policy. In Pinder, J. (ed.) National Industrial Strategies and the World Economy, New Jersey: Atlantic Institute for International Affairs.Google Scholar
Industridepartementet (1978) Summary of the Government Bill on Regional Policy. Stockholm.Google Scholar
Industry and Trade Committee (1981) Finance for BL, Session 1980–81, HC 294. London: HMSO.Google Scholar
Industry and Trade Committee (1982), Government Support for Trade and Industry in Northern Ireland Session 1981–2, HC 500. London: HMSO.Google Scholar
Juttemeier, K. H. and Lammers, K. (1979) Subvention in der Bundesrepublik Deutschland. Institut fur Welwirtschaft Kiel.Google Scholar
King, M. A. (1972) Taxation and investment incentives in a vintage investment model, Journal of Public Economics, 1, 121–47.CrossRefGoogle Scholar
Koester, U. and Tangerman, S. (1977) Supplementing farm price policy by direct income payments: cost-benefit analysis of alternative farm policies with special application to German agriculture, European Review of Agricultural Economics, 4.CrossRefGoogle Scholar
Lambert, J. Y. (1983) Clothing Industry Scheme: An assessment of the effects of selective assistance under the Industry Act 1972. Government Economic Service Working Paper No. 61 London: Department of Industry.Google Scholar
Landesmann, M. and Pierse, R. (1983) The Effects of Industrial Policies in the UK, Department of Applied Economics, University of Cambridge.Google Scholar
Lund, P. J. (1976) The econometric assessment of the impact of investment incentives.In Whiting, A. (ed.), The Economics of Industrial Subsidies, London: HMSO.Google Scholar
Magaziner, I. C. et al. (1979) A Framework for Swedish Industrial Policy. Stockholm: Liberforelag.Google Scholar
Marquand, J. (1980) Measuring the affects and costs of regional incentives Government Economic Service Working Paper No 32, London: Department of Industry.Google Scholar
Mellis, C. L. and Richardson, P. W. (1976) The value of investment incentives for manufacturing industry, 1946 to 1966. In Whiting, A. (ed.), The Economics of Industrial Subsidies, London: HMSO.Google Scholar
Moore, B.and Rhodes, J.(1973) Evaluating the effects of British regional policy, Economic Journal, 83, 87–;110.CrossRefGoogle Scholar
Moore, B. and Rhodes, J. (1976) The economic and exchequer implications of regional policy. In Expenditure Committee, Minutes of Evidence, HC 237. London: HMSO, 448–;462.Google Scholar
NEDO (1981) Industrial trends and prospects: Memorandum by the Director General, 26 January.Google Scholar
OECD (1979) The Case for Positive Adjustment Policies: A Compendium of OECD Documents 1978/79. Paris: OECD.Google Scholar
OECD (1983) Transparency for Positive Adjustment: Identifying and Evaluating Government Intervention. Paris: OECD.Google Scholar
Peacock, A. T.Grant, R. M.Ricketts, M.Shaw, G. K. and Wagner, E. (1980) Structural Economic Policies in West Germany and the United Kingdom. London: Anglo-German Foundation.Google Scholar
Potter, D.Davies, G. and Gibbs, R. (1983) Wool Textile Industry Scheme Stage II, Government Economic Service Working Paper 60, London: Department of Industry.Google Scholar
Rowley, C. L. (1980) Industrial Policy in the Mixed Economy. Department of Economics, University of Newcastle, Discussion Paper No. 41.Google Scholar
Ryder, D. (1975) British Leyland: The Next Decade, HC 342 (The Ryder Report).London: HMSO.Google Scholar