QuIS Industrial Policy Financial Instruments

The QuIS database gathers data on industrial policy expenditures at the policy instrument level categorised by instrument type and target. Industrial policy expenditures are defined as direct support extended by the public sector to businesses, aimed at promoting investment, improving competitiveness, or supporting economic development. The targets are the following: 'Digital', 'Green', 'Sectoral', 'Technology', 'SMEs and young firms' , 'R&D;', 'Jobs/skills', 'Energy cost', 'Investment' and 'Regional'. The targets are not mutually exclusive. In addition, instruments belonging to the following categories: COVID emergency support, EU support or export finance, are flagged as such. Financial instruments, defined as the provision of loans, loan guarantees or equity investments by government entities, are measured through the so-called notional amounts method, which measures the amount of financing (or guarantees) provided by public entities. This measure was chosen as it is the most widely available across countries. However, amounts obtained with this method are not directly comparable with grants and tax expenditures, so the two types of instruments are recorded and analysed separately. The QuIS webpage summarises the key findings of the first cross-country report and provides country notes and factsheets. Link: oe.cd/quis. Definitions and details of the methodology can be found in the paper 'Quantifying industrial strategies (QuIS)'. Link:Quantifying industrial strategies (QuIS).