TY  - JOUR
UR  - http://doi.org/10.1080/17487870.2016.1216416
ID  - discovery10045674
N1  - © 2016 Informa UK Limited, trading as Taylor & Francis Group. This version is the author accepted manuscript. For information on re-use, please refer to the publisher?s terms and conditions.
JF  - Journal of Economic Policy Reform
PB  - ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
N2  - 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 capitalist; and challenge-led. The paper conceptually elaborates the typology by first providing a historical overview of SIBs, and then discussing how the mainstream ?market failure theory? justifies them. It then advances a different conceptualization based on insights from heterodox economics, showing that all roles of SIBs are more about market creating/shaping rather than market-failure fixing. The paper concludes with a proposal of a new agenda for research on SIBs based on our typological framework.
SN  - 1748-7889
SP  - 305
AV  - public
Y1  - 2016/12/01/
TI  - Beyond market failures: the market creating and shaping roles of state investment banks
VL  - 19
KW  - Social Sciences
KW  -  Economics
KW  -  Planning & Development
KW  -  Business & Economics
KW  -  Public Administration
KW  -  state investment banks
KW  -  public investment policy
KW  -  market failure
KW  -  development banking
KW  -  mission-oriented policy
KW  -  RESEARCH-AND-DEVELOPMENT
KW  -  INDUSTRIAL-DEVELOPMENT
KW  -  POLICY INSTRUMENTS
KW  -  TECHNOLOGY POLICY
KW  -  INNOVATION
KW  -  ENTREPRENEURSHIP
KW  -  CHALLENGES
KW  -  MODELS
A1  - Mazzucato, M
A1  - Penna, CCR
EP  - 326
IS  - 4
ER  -