Theoretical foundations of industrial policy for the emergement economy

TERRA ECONOMICUS, , Vol. 10 (no. 1.1),
p. 27-45

The paper studies the theoretical bases of an industrial policy from positions of the neoclassical, institutional and evolutionary economic theory. It is proved the expediency of transition in Ukraine to the European–type matrix policy which combines both vertical actions focused on selective support of sectors, and the horizontal actions focused on innovations and directed instead of elimination of the markets failures on elimination of rules failures and fitness failures.

Keywords: industrial policy, institutional economics, evolutionary economics, market failures, innovations
Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606