Around the world #IndustrialPolicy is back on policy agendas, but analysis of these policies is limited by a lack of cross-comparable data. We're looking to address this gap through our #OECD Quantifying Industrial Strategies (QuIS) project. A short 🧵on what we're doing 👇 1/7
The QuIS project defines Industrial Policy as direct support extended by the public sector to businesses & aimed at 1⃣ promoting investment, 2⃣ improving competitiveness, or 3⃣ structurally increasing economic development. 2/7
Our methodology to measure & categorise industrial policy expenditures is based on this definition. This is a crucial step towards our goal of gathering and providing the data necessary to compare Industrial Strategies across but also within countries. 3/7
The data will provide novel insights into Industrial Strategy and policymakers will be able to benchmark the targets of their strategies against other countries' or an OECD average. 4/7
Users will also be able to view how Industrial Policy expenditures are allocated for the #GreenTransition, how this allocation has changed over time, and how it compares to the OECD average. 5/7
Although there are many ambitious industrial strategies in place, their relevance & impact can only be assessed through quantitative analysis:
where governments offer the most support is where their priorities truly lie 💡 6/7
📖 Our latest paper lays the methodological groundwork for this approach and previews the future work of the QuIS project:
🔗 oe.cd/il/QuIS
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