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Category Archives: Journal Articles

Beyond market failures: the market creating and shaping roles of state investment banks

Beyond market failures: the market creating and shaping roles of state investment banks

Mazzucato M., Penna C. (2016) “Beyond market failures: the market creating and shaping roles of state investment banks”, Journal of Economic Policy Reform, Volume 19, 2016 – Issue 4 The paper develops a typological framework of the roles of state investment banks (SIBs) in the economy. The typology identifies four different roles: countercyclical; developmental; venture… more

Innovation Systems: From Fixing Market Failures to Creating Markets

Innovation Systems: From Fixing Market Failures to Creating Markets

Mazzucato, M. (2015) Which Industrial Policy Does Europe Need? Volume 50, May/June 2015, Number 3 | pp. 120-155 One lesson of the Great Recession has been that countries with higher shares of industry in their GDP seemed to be less affected by the crisis. Consequently, the call for an industrial renaissance has become stronger. Industrial policy has… more