| 来源类型 | Article |
| 规范类型 | 其他 |
| ISBN | 0032-3292 |
| The rise of mission-oriented state investment banks: the cases of Germany's KfW and Brazil's BNDES. | |
| Mazzucato, Mariana; Penna, Caetano | |
| 发表日期 | 2015 |
| 出处 | Politics and Society |
| 出版者 | SAGE Publications |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | This paper focuses on the rise of state investment banks (SIBs) as lead funders of mission-oriented innovation in various countries’ agendas regarding smart (innovation-led) growth, and not just fixers of ‘market failures’. The market failure justification for public finance fails to capture the active mission-oriented role that such banks are playing in shaping and creating markets, rather than just fixing them. In tackling innovation priorities and shaping new markets, these banks are developing new financial tools that also help to reform the financial system from within, addressing issues of short-termism and financialisation. This paper documents and analyses the roles of such banks, building on the Neo-Schumpeterian work on mission-oriented policies (that is, policies that aim to address societal issues or challenges). The paper presents a rich analytical description of mission-oriented investments in two of the leading SIBs: Brazil’s BNDES and Germany’s KfW. We discuss the directionality of the investments, the various tools used, and the lessons to be learned for evaluating these tools outside of a market failure framework. |
| 特色分类 | H Social Sciences |
| URL | http://sro.sussex.ac.uk/id/eprint/51702/ |
| 来源智库 | Science Policy Research Unit (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/466760 |
| 推荐引用方式 GB/T 7714 | Mazzucato, Mariana,Penna, Caetano. The rise of mission-oriented state investment banks: the cases of Germany's KfW and Brazil's BNDES.. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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