
Industrial Policy | Markus' Academy | Ep. 128
transcript
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Follow the link for the full summary:
https://markusacademy.substack.com/p/industrial-policy
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https://markusacademy.substack.com/
On Thursday, June 20, Ernest Liu joined Markus’ Academy for a conversation on Industrial Policy. Ernest Liu is an Associate Professor of Economics and the Class of 1936 Bicentennial Preceptor at Princeton University.
Timestamps:[0:00] Markus’ introduction and poll questions[7:31] Industrial policy and networks[14:36] Subsidizing upstream sectors to promote development (Liu, 2019)[44:11] Local incentives in multi-region economies (Chen et al., 2024)[54:32] Innovation networks and R&D allocation (Lui and Ma, 2024)[1:16:12] Coordination failures in the green transition and Conclusion (Aghion et al., 2024)