The DOI matches its Crossref record; 90 of the 90 references it cites were found in a registry or an index.
Beyond market failures: the market creating and shaping roles of state investment banks
Abstract
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.
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Cites
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Financing renewable energy: Who is financing what and why it matters
Mazzucato, M., & Semieniuk, G. (2018) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2017.05.021 · Cited by 687
Self-citationLow‐carbon transition risks for finance
Semieniuk, G., Campiglio, E., Mercure, J., Volz, U., & Edwards, N. R. (2021) · WIREs Climate Change · doi:10.1002/wcc.678 · Cited by 441
Closing the green finance gap – a systems perspective
Hafner, S., Jones, A., Anger-Kraavi, A., & Pohl, J. (2020) · Environmental Innovation and Societal Transitions · doi:10.1016/j.eist.2019.11.007 · Cited by 318
Public financing of innovation: new questions
Mazzucato, M., & Semieniuk, G. (2017) · Oxford Review of Economic Policy · doi:10.1093/oxrep/grw036 · Cited by 308
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Metadata
- Authors
- Mazzucato, M., & Penna, C. C. R.
- Venue
- Journal of Economic Policy Reform
- Publisher
- Informa UK Limited
- Published
- 2016-08-31
- Volume
- 19
- Issue
- 4
- Pages
- 305-326
- ISSN
- 1748-7870 (ISSN-L)
- 1748-7889
- OpenAlex
- W3124893232
- Cited by
- 339
- References
- 90
- FWCI
- 52.84
- Type
- journal article
- Language
- en
- Open access
- closed
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
