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The IO-PS in the context of GVC-related policymaking: The case of the South African automotive industry

机译:IO-PS在与GVC相关的决策的背景下:南非汽车行业的案例

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摘要

Recent years have seen renewed interest in evaluating the effectiveness of industrial policy, especially in the context of global value chains. One approach that might add a complementary view in this domain is product space analysis. To date, product space-based value chain analyses have focused on theoretical debates only, or on empirical applications for a single year. In this paper, we employ the input-output product space (IO-PS) framework combined with a time dimension. We thereby evaluate the effectiveness of industrial policies within a value chain over time. The paper focuses on the case of the South African automotive value chain for the years 1995 to 2017. We evaluate ex post the implemented industrial policies and confirm their (partial) success. We then use the framework to make ex ante recommendations to improve the current policy approach and find that it might pay off to target specific sub-sectors in the future. The results illustrate how the framework can be used to evaluate industrial policies and to identify which parts of the global value chain should be targeted to foster both short- and long-term growth. We also highlight shortcomings of the approach which might limit its application.
机译:近年来,人们对评估工业政策的有效性有了重新兴趣,尤其是在全球价值链的背景下。可能在该领域中增加互补视图的一种方法是产品空间分析。迄今为止,基于产品空间的价值链分析仅集中在理论辩论上,或一年的经验应用。在本文中,我们采用了输入输出产品空间(IO-PS)框架与时间维度相结合。因此,随着时间的流逝,我们评估了价值链中工业政策的有效性。该论文重点介绍了1995年至2017年的南非汽车价值链的案例。我们评估了实施工业政策后的EX,并确认了其(部分)成功。然后,我们使用该框架来提出前建议,以改善当前的政策方法,并发现将来它可能会获得针对特定子行业的目标。结果说明了如何使用该框架来评估工业政策,并确定应针对全球价值链的哪些部分以促进短期和长期增长。我们还强调了该方法可能限制其应用程序的缺点。

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