Preprint Article Version 1 This version is not peer-reviewed

Designing an Industrial Policy for Developing Countries: A New Approach

Version 1 : Received: 3 January 2019 / Approved: 4 January 2019 / Online: 4 January 2019 (14:28:07 CET)

How to cite: Haeri, A.; Arabmazar, A. Designing an Industrial Policy for Developing Countries: A New Approach. Preprints 2019, 2019010045 (doi: 10.20944/preprints201901.0045.v1). Haeri, A.; Arabmazar, A. Designing an Industrial Policy for Developing Countries: A New Approach. Preprints 2019, 2019010045 (doi: 10.20944/preprints201901.0045.v1).

Abstract

In this study, the prevalent methodology for design of the industrial policy in developing countries was critically assessed, and it was shown that the mechanism and content of classical method is fundamentally contradictory to the goals and components of the endogenous growth theories. This study, by proposing a new approach, along settling Schumpeter's economic growth theory as a policy framework, designed the process of entering, analyzing and processing data as the mechanism of the industrial policy in order to provide "theoretical consistency" and "technical and Statistical requirements" for targeting the growth stimulant factor effectively.

Subject Areas

industrial policy, endogenous economic growth, new combinations, Schumpeter, technology, stimulant factor

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