Quantifying industrial strategies across nine OECD countries
Industrial policy has resurfaced prominently in academic and policy discussions in
the wake of major shocks and long-term trends. However, quantifying industrial strategies
across countries remains difficult. The ‘Quantifying Industrial Strategies’ (QuIS)
project measures industrial policy expenditures by gathering and harmonising publicly
available data, based on a new methodology. This report summarises the composition
of industrial strategies in the first nine participating countries in terms of expenditures,
priorities, and policy instruments for the period 2019-21. The report finds that industrial
policies are sizeable, with 1.5% of GDP in grants and tax expenditures, and with an
important heterogeneity across countries in terms of strategic priorities; industrial
strategies mainly rely on sectoral instruments, representing on average 29% of grants
and tax expenditures; and green instruments are important and rose significantly in
six out of nine countries between 2019 and 2021.
Available from June 19, 2023
In series:OECD Science, Technology and Industry Policy Papersview more titles