Description: Foreword. 1. Introduction. 2. Managed Trade and Targeted vs. Generic Industrial Policy. 3. The User Cost of Capital: Link from Macroeconomic Policy to Business Decisions. 4. Influences of Macroeconomic Policy on the Enterprise. 5. A Context for Industrial Policy: History, Performance and Strategic Role of the Machine Tool Industry in the United States. 6. Technological Change, Learning-by-Doing, and the Structure of Production in the U.S. Machine Tool Industry. 7. Measuring the Effects of Macroeconomic Policy in an Industry Econometric Model. 8. Macroeconomic and Financial Effects on Competitiveness in U.S. Manufacturing: Simulations to Measure Policy Effects. 9. Measuring and Forecasting the Industry of Macroeconomic Events: Crowding out of Manufacturing Investment in a Macro-Micro Framework. 10. Technological Factors and Industrial Policy: Harnessing Generic Industrial Policies for Economic Growth and Competitiveness. 11. Conclusions and Future Research. References. Author Index. Subject Index.

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