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Industrial policy in the context of Brexit
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Crafts, N. F. R. (2018) Industrial policy in the context of Brexit. Fiscal Studies, 39 (4). pp. 685-706. doi:10.1111/1475-5890.12174
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Official URL: https://doi.org/10.1111/1475-5890.12174
Abstract
This paper reviews UK industrial policy in the context of Brexit and weak productivity performance. It considers proposals made in a recent White Paper as well as more general arguments for reform now that the ‘post-Thatcher consensus’ has ended. The desirability of improving horizontal policies in the areas of innovation, infrastructure and skills is noted. In the event of a hard Brexit, there would be an opportunity to return to 1970s-style selective industrial policies and public-interest-based competition policy. An advantage of a soft Brexit is that it would preclude interventionism of this kind.
| Item Type: | Journal Article | ||||||||
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| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor |
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| Divisions: | Faculty of Social Sciences > Economics | ||||||||
| Library of Congress Subject Headings (LCSH): | Industrial policy -- Great Britain, Industrial productivity -- Great Britain, European Union -- Great Britain | ||||||||
| Journal or Publication Title: | Fiscal Studies | ||||||||
| Publisher: | Wiley-Blackwell Publishing, Inc | ||||||||
| ISSN: | 0143-5671 | ||||||||
| Official Date: | 18 December 2018 | ||||||||
| Dates: |
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| Volume: | 39 | ||||||||
| Number: | 4 | ||||||||
| Page Range: | pp. 685-706 | ||||||||
| DOI: | 10.1111/1475-5890.12174 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Publisher Statement: | "This is the peer reviewed version of the following article:Crafts, N. (2018), Industrial Policy in the Context of Brexit. Fiscal Studies, 39: 685-706, which has been published in final form at https://doi.org/10.1111/1475-5890.12174. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions." | ||||||||
| Access rights to Published version: | Open Access |
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