Structural Change,
Competitiveness and
Industrial Policy
Painful lessons from the
European periphery
Edited by Aurora A.C. Teixeira,
Ester Silva and Ricardo Paes Mamede
1 Routledge
\ Taylor & Francis Croup
LONDON AND NEW YORK
Contents
List offigures
Listoftables
Listofboxes
List of contributors
PARTI
The Context: EMU, Convergence, Austerity
1
Introduction: Structural change, competitiveness and
industrial policy
ESTER GOMES DA SILVA AND AURORA A.C. TEIXEIRA
vii
xi
xiii
xv
1
3
2
The unsustainable divergence of national productive systems
ROBERT BOYER
10
3
Convergence and imbalances in the EMU - the case of Portugal
FERNANDO TEIXEIRA DOS SANTOS
43
4
We'll still be here in the long run - austerity and the peripheral
growth hypothesis
MIGUEL ST. AUBYN
5
The euro crisis and the failure of the Lisbon strategy
BENGT-ÄKE LUNDVALL AND EDWARD LORENZ
PART II
Structural Change and Competitiveness in the
European Periphery
6
Structural and technological change in the European
periphery
ARGENTINO PESSOA
67
80
103
105
VI
Contents
7
National adaptive advantages: Soft Innovation and marketing
capabilities in periods of crisis and change
SANDRO MENDONCA
133
8
Human capital and growth in services economies: The case of
Portugal
MARTA C. N. SIMÖES AND ADELAIDE DUARTE
151
Learning, exporting and firm productivity: Evidence from
Portuguese manufacturing and services firms
CARLOS CARREIRA
182
9
10 Productive experience and structural transformation: The cases of
Portugal, Spain, Greece, Italy and Germany
202
MIGUEL LEERE DE FREITAS, LUIS C. NUNES AND RUI COSTA NEYES
PART III
Policy Issues
219
11 Industrial policy in times of crisis: The case of Greece
TASSOS GIANNITSIS AND IOANNA KASTELL!
221
12 The Italian economy, the economic crisis and industrial policy
MICHELE DI MAIO
241
13 Assessment and challenges of industrial policies in Portugal:
Is there a way out of the "stuck in the middle" trap?
RICARDO PAES MAMEDE, MANUEL MIRA GODINHO AND
VfTOR CORADO SIMÖES
258
14 The industrial sector of Spain in search of a new policy
JOSE MOLERO AND INES GRANDA
278
15 Conclusion
RICARDO PAES MAMEDE
299
References
Index
303
323