Designing an Industrial Policy for Developing Countries: A New Approach

Ali Haeri; Abbas Arabmazar

doi:10.20944/preprints201901.0045.v1

Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

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

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.

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

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Designing an Industrial Policy for Developing Countries: A New Approach

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