Generate QR code
Open Access
Subscription Access
An Evolutionary Theory of Economic Policy. Part I: The Experience of Fast Development
https://doi.org/10.32609/0042-8736-2006-7-4-23
Abstract
This article presents the first part of the work on how instruments and methods of the growth promotion should change as a country approaches the level of advanced economies in terms of welfare and the quality of institutions. We describe the evolution of economic policies in Western countries and also in countries that became known as "economic miracles" during their catch up development. Our analysis allows to trace the major directions of such evolution: from import substitution to export orientation, from regulation of import tariffs to non-selective policy of the real exchange rate undervaluation, from import of technology to domestically based research and development, from creation of large companies to support of small and medium-size firms.
About the Authors
V. Polterovich
Central Economics and Mathematics Institute of the Russian Academy of Sciences; New Economic School
Russian Federation
Russian Federation
V. Popov
New Economic School; Academy of National Economy under the Government of the Russian Federation
Russian Federation
Russian Federation
References
1. Гурвич Е. Т. Государственная политика стимулирования экономического роста // Инструменты макроэкономической политики для России. М.: ТЕИС, 2001.
2. Липсиц И. В., Нещадин А. А. и др. Промышленная политика России: принципы формирования и механизмы реализации // Избранные доклады (1992-1997) / Экспертный институт. М.: Изографус, 2002.
3. Илларионов А. Экономическая свобода и богатство народов // Вопросы экономики. 2000. № 4. С. 83-101.
4. Реформы глазами американских и российских ученых / Общ. ред. О. Т. Богомолова. М.: Российский экономический журнал, 1996.
5. Липсиц И. В., Нещадин А. А. и др. Промышленная политика России: принципы формирования и механизмы реализации // Избранные доклады (1992-1997) / Экспертный институт. М.: Изографус, 2002.
6. Полтерович В. М. К руководству для реформаторов: некоторые выводы из теории экономических реформ // Экономическая наука современной России. 2005. № 1. С. 7-24.
7. Полтерович В. М. Стратегии институциональных реформ. Китай и Россия // Экономика и математические методы. 2006. Вып. 2.
8. Полтерович В. М. Стратегии институциональных реформ. Перспективные траектории // Экономика и математические методы. 2006. Вып. 1.
9. Полтерович В. М. Трансплантация экономических институтов // Экономическая наука современной России. 2001. № 3.
10. Полтерович В. М., Попов В. В. Селективные и неселективные инструменты промышленной политики // Гринберг Р. С. и др. Использование финансовых государственных инструментов по стимулированию промышленного роста в условиях становления рыночной экономики: Аналитический доклад, представленный в Минэкономразвития России. М.: ИМЭПИ РАН, 2002.
11. Попов В. Сильные институты важнее скорости реформ // Вопросы экономики. 1998. № 8. С. 56-70.
12. Тонис А. С. Лоббирование и промышленная политика: теоретико-игровой подход. Диссертация на соискание ученой степени кандидата экономических наук. М.: ЦЭМИ РАН, 2003.
13. Ясин Е.Г. Модернизация российской экономики. М.: ГУ-ВШЭ, 2002.
14. Acemoglu D., Aghion Ph., Zilibotti F. Distance to Frontier, Selection, and Economic Growth. 2002, June 25 http://post.economics.harvard.edu/faculty/aghion/papers/Distance_to_Frontier.pdf.
15. Acemoglu D., Aghion Ph., Zilibotti F. Vertical Integration and Distance to Frontier. Mimeo, 2002. http://post.economics.harvard.edu/faculty/aghion/papers/vertical_integration.pdf.
16. Baer W. The Brazilian Economy: Growth and Development. Westport, Connecticut, London, 2001.
17. Bailey M., Fowler P., Watkins K. Europe's Double Standards:How the EU Should Reform Its Trade Politics with Developing World. Oxfam Briefing Paper No 22, 2002. http://www.oxfam.org.uk/policy/papers/22europe/22europe.html.
18. Blanchard O. The Economics of Post-Communist Transition. Oxford: Clarendon Press, 1997.
19. Cazes B. Indicative Planning in France // Journal of Comparative Economics. 1990. Vol. 14. No 4.
20. Chang H.-J. Kicking Away the Ladder. Cambridge: Cambridge University Press, 2002.
21. Cho D.-S., Lee D.-H., Ryu S.-F., Cho D.-W., Kim D.-J. A Comparative Study of Korean and Japanese Industrial Policies Through Content Analysis of Official Documents // Hitotsubashi Journal of Commerce and Management. 1996. Vol. 31. P. 59-74.
22. From Plan to Market: World Development Report / World Bank. N.Y.: Oxford University Press, 1996.
23. EBRD Transition Report 1997. London: EBRD, 1997.
24. Grossman G.M., Helpman E. Protection for Sale // The American Economic Review. 1994. September. P. 833-850.
25. Hayami Y. Toward an East Asian Model of Economic Development. The International Economic Association. Round Table Conference, The Institutional Foundation of Economic Development in East Asia, Tokyo, 1996. December 16-19.
26. Honohan P., Walsh B. Catching up with the Leaders: The Irish Hare // Brainard W. C., Perry G. L. (eds.) Brookings Papers on Economic Activity. Washington, DC: Brookings Institution, 2002. P. 1-77.
27. Ito T. Japan and the Asian Economies: A "Miracle" in Transition // Brookings Papers on Economic Activity. 1996. No 2.
28. Jantti M., Saari J., Vartiainen J. Country Case Study: Finland Combining Growth with Equality. UNU-WIDER Jubilee Conference, Parallel session 7.3, Helsinki, Finland, 2005, 17-18 June.
29. Kuznets P.W. An East Asian Model of Economic Development: Japan, Taiwan, and South Korea // Economic Development and Cultural Change. The University of Chicago, 1988.
30. Maddison A. Monitoring the World Economy: 1820-1992. Paris: OECD, 1995.
31. Nam Ch.-H. The Role of Trade and Exchange Rate Policy in Korea's Growth. // Ito T., Krueger A. (eds.) Growth Theories in Light of the East Asian Experience. The University of Chicago Press, 1995. Ch. 6. P. 153-177.
32. Payne S.G. A History of Spain and Portugal. Vol. 2. Ch. 28. Table 45, 46. Madison: University of Wisconsin Press, 1973.
33. Petit P. The Origins of French Planning: A Reappraisal // Contributions to Political Economy. 1984. Vol 3. P. 67-68.
34. Polterovich V., Popov V. Accumulation of Foreign Exchange Reserves and Long Term Economic Growth. Mimeo, 2002. http://www.nes.ru/english/about/10th-anniversary/papers-pdf/Popov-Polterovich.pdf.
35. Rodriguez F., Rodrik D. Trade and Economic Growth: A Skeptic's Guide to the Cross-National Evidence: CEPR Discussion Paper No 2143, 1999.
36. Rodrik D. Growth Strategies. Working draft for eventual publication in the Handbook of Economic Growth. April 2003. http://ksghome.harvard.edu/~drodrik.academic.ksg/growthstrat10.pdf.
37. Rodrik D. Industrial Policy for the Twenty-First Century. KSG Faculty Research Working Paper 04-047, Harvard University, 2004, http://ksghome.harvard.edu/~drodrik/UNIDOSep.pdf).
38. Rodrik D. The "Paradoxes" of the Successful State // European Economic Review. 1997. Vol. 41. P. 411-442.
39. Roland G. Transition and Economics. Politics, Markets and Firms. Cambridge, Mass.: MIT Press, 2000.
40. Stiglitz J. Capital Market Liberalization, Economic Growth, and Instability // World Development. 2000. Vol. 28. No 6. P. 1075-1086.
Review
For citations:
Polterovich V., Popov V. An Evolutionary Theory of Economic Policy. Part I: The Experience of Fast Development. Voprosy Ekonomiki. 2006;(7):4-23. (In Russ.) https://doi.org/10.32609/0042-8736-2006-7-4-23
Views:
970
Email this article 
