The role of policy evaluation is to assess the efficiency and effectiveness of public policy interventions and the balance between benefits and costs. In times of constrained public finances and reduced levels of productivity growth, there is a premium on ensuring the most efficient design of public policies. This is particularly true of industrial, innovation, and entrepreneurship policies, which have not generally been subject to rigorous evaluation in the past. Fortunately, thanks to recent methodological developments and the growing availability of relevant micro-level data, in recent years there has been significant progress in the volume and quality of both ex ante and ex post policy evaluations.
OECD work in this area has focussed on some of the methodological issues and policy lessons arising out of past evaluations. The OECD is working directly with member countries in the evaluation process. Three areas will be assessed;
Related work has also examined the role of policy evaluation in the context of science and technology policies.
July 2014- Evaluation of Industrial Policy: Methodological Issues and Policy Lessons
Industrial policy, broadly defined, covers a multitude of policy instruments and approaches. While there has been a recent revival of interest in industrial policy around the world, systematic evidence of efficacy is relatively scarce. This report brings together the work of an OECD expert group that has considered recent evidence from the evaluation of industrial policy.
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