Abstract
Experience has shown that changes in the industrial structure of an economy are a prerequisite for, as well as a side-effect of, economic development and growth. Notwithstanding, this mesoeconomic level of the economic process has rarely been addressed by the economics literature, which usually focuses on either micro- or macroeconomics, whereas an analysis of industrial restructuring must start with industries or appropriately defined sectors of an economy. The increasing incidence of sectoral crises afflicting entire industries in industrialised countries, and the course these crises took, have indicated determinants of industrial restructuring which cannot be explained, or at least not sufficiently, within the framework of traditional economic theories. It has been observed that, in certain sectors of the economy, the expected exits from and entries into the market have not taken place, that there has been massive and repeated political intervention, that the lifespans of production technologies and product cycles have shortened and that economic structural change has generally been discontinuous.
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Nill, J., Petschow, U., Jahncke, M. (2001). New Theoretical Perspectives on Industrial Restructuring and their Implications for (Green) Industrial Policy. In: Binder, M., Jänicke, M., Petschow, U. (eds) Green Industrial Restructuring. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-04419-3_5
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DOI: https://doi.org/10.1007/978-3-662-04419-3_5
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