Improving Industrial Policy Intervention: The Case of Steel in South Africa
改进了产品空间分析方法，加入投入产出价值链视角，分析南非钢铁业下游加工政策的效率，发现跳跃式发展可能优于严格加工政策。
We contribute to the lack of tools to support efficient industrial policy-making, especially in the mineral beneficiation policy literature. To address this vacuum, we adapt the product space analysis approach to incorporate an input-output value chain lens. This framework is applied to the case of steel in South Africa to derive novel insights regarding the (in)efficiency of implementing a downstream linkage-based beneficiation policy. Our dynamic analysis approach allows for interactions with the rest of the product space. We find that a ‘leap-frogging’ approach to development within the value chain may be more optimal than a strict beneficiation based industrial policy.