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 | | Macroeconomic Policy as Implicit Industrial Policy Its Industry and Enterprise Effects by John Randolph Norsworthy, Diana H. Tsai ISBN-10: 9780792380757 ISBN-10: 0-7923-8075-4 ISBN-13: 9780792380757 ISBN-13: 978-0-7923-8075-7 Hardcover 1997-11-30 Springer Find Lowest Price |
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Product Description This volume assesses the effects of industrial policy at three levels: through the user cost of capital, through the effects of a macroeconomic model on the decisions of an enterprise, and through the effects of a macroeconomic model on the machine tools industry via its major customer industries. The analytical approaches developed and applied here constitute an integrated approach to the assessment of generic industrial policies on industries and enterprises. The application of these tools provides a constructive alternative to the polemics that dominate the industrial policy literature and public debate. | ||