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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

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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
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
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:
DateEvent
18 December 2018Published
9 December 2018Available
21 August 2018Accepted
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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