New Thinking in Industrial Policy Program

PROGRAM

New Thinking in Industrial Policy: 

Perspectives from Developed and Developing Countries

Columbia University

International Affairs Building Room 1501, 420 W 118th St, NY NY

November 6-7, 2025

[To access videos of talks, click on the titles.]

Day 1: Thursday November 6th 2025

9:30-9:45am 

Welcoming Remarks: Joseph Stiglitz, Eric Verhoogen, Josh Whitford

9:45-11:15am (Session Moderator: Eric Verhoogen, Columbia University)

• “The Effects of ‘Buy American’: Electric Vehicles and the Inflation Reduction Act” [Paper]
  • Hunt Allcott (Stanford), Reigner Kane (University of Chicago), Maximilian S. Maydanchik (University of Chicago), Joseph S. Shapiro (UC Berkeley), Felix Tintelnot (Duke University)
• “Industrial Policies for Multi-Stage Production: The Battle for Battery-Powered Vehicles” [Paper]
  • Keith Head (University of British Columbia), Thierry Mayer (Sciences PO), Marc Melitz (Harvard University), Chenying Yang (Singapore Management University)
• “Market Entry and Plant Location in Multi-Product Firms” [Abstract]
  • Juanma Castro-Vincenzi (University of Chicago), Eugenia Menaguale (Princeton), Eduardo Morales (Princeton University,) Alejandro Sabal (Yale University)

11:15-11:45am Coffee Break

11:45am-12:45pm (Session Moderator: Bilge Erten, Northeastern)

• “Public R&D Meets Economic Development: Embrapa and Brazil’s Agricultural Revolution” [Paper]
  • Ariel Akerman (Inter-American Development Bank), Jacob Moscona (MIT), Heitor S. Pellegrina (University of Notre Dame), Karthik Sastry (Princeton University)
• “The Effects of Place-Based Innovation Policies on Firm Performance in Turkey” [Abstract]
  • Yusuf Emre Akgunduz (Central Bank of the Republic of Turkiye), Cevat Giray Aksoy (European Bank for Reconstruction and Development), Ralph De Haas European Bank for Reconstruction and Development), Francesco Loiacono (European Bank for Reconstruction and Development), Muhammed Hasan Yılmaz (Central Bank of the Republic of Turkiye)

12:45-1:45pm Lunch Break

1:45-2:45pm (Session Moderator: Laura Boudreau, Columbia University)

• “Helping Differentiated Goods Producers Succeed in Exports Markets through Good Exporting Practices: Experimental evidence from Argentina” [Paper]
  • Andrea Gonzalez (IIEP), Juan Carlos Hallak (Universidad de Buenos Aires), Leonardo Iacovone (World Bank), Santiago Llamas(Analysis Group), Martin Rossi(Universidad de San Andrés)
• “Information Spillovers for Export Markets” [Paper]
  • Magnus T. Buus (University of Copenhagen), Jakob R. Munch (University of Copenhagen), Joel Rodrigue (Vanderbilt University), Georg Schaur (University of Tennessee)

2:45-3:00pm Coffee Break

3:00-4:00pm (Session Moderator: Andrew Schrank, Brown University)

• “Industrial Policy via Venture Capital” [Paper]
  • Martin Aragoneses (INSEAD) and Sagar Saxena (University of Pennsylvania, Wharton School)
• “Hierarchies of Adaptation: Corporate Power in Economic Statecraft” [Paper]
  • Luuk Schmitz (Max Planck Institute for the Study of Societies)

4:00-4:30pm Coffee Break

4:30-6:00pm CHIPS: paper and panel (Session Moderator: Josh Whitford, Columbia University)

• “Employment Impacts of the CHIPS Act” [Paper]
  • Bilge Erten (Northeastern University), Joseph Stiglitz (Columbia University) and Eric Verhoogen (Columbia University)
• Panel discussion
  • Franklin Keller (Talos Funds)
  • Joel Michaels (Columbia University)

Day 2: Friday November 7th 2025

9:00am-10:00am (Session Moderator: Luis Jaramillo, Columbia University)

• “Ray of Hope? China and the Rise of Solar Energy” [Abstract]
  • Ignacio Banares-Sanchez (London School of Economics), Robin Burgess (London School of Economics), David Laszlo (London School of Economics), Pol Simpson (London School of Economics), John Van Reenen (London School of Economics), and Yifan Wang (London School of Economics)
• “The Power of Industrial Policy: The Global Impact of Chinese Subsidies on Solar Innovation and Emissions Reduction” [Paper]
  • Claudia Gentile (London School of Economics), David Hemous (London School of Economics), Carole Marullaz (University of Zurich)

10:00-10:15am Coffee Break

10:15am-11:15am (Session Moderator: Nils Kupzok, Columbia University)

• “Global Effects of Local Subsidies” [Paper]
  • Tuo Chen (Tsinghua University), Chang-Tai Hsieh (University of Chicago), Zheng (Michael) Song (Chinese University of Hong Kong)
• “International Spillovers of Industrial Policy: Evidence from China and Germany” [Paper]
  • Yuxuan Wu (University of British Columbia)

11:15-11:30am Coffee Break

11:30am-12:30pm (Session Moderator: Nathan Lane, London School of Economics)

• “Why Some Countries Spend More on Decarbonization: The Role of Industrial Exposure” [Abstract]
  • Nils Kupzok (Columbia University)
• “The United States as an Active Industrial Policy Nation” [Abstract]
  • Jiandong Ju (Tsinghua University), Yuankun Li (Chinese Academy ofSocial Sciences), Shang-Jin Wei (Columbia University)

12:30-1:30pm Lunch Break

1:30-2:30pm (Session Moderator: Josh Whitford, Columbia University)

• “Green Industrial Policy in Multilevel Governance: Low-Road and High-Road Strategies in Europe’s Battery Rollout” [Paper]
  • Palma Polyak (Max Planck Institute for the Study of Societies)
• “Protect or Prepare? Crop Insurance and Adaptation in a Changing Climate” [Paper]
  • Marguerite Obolensky (Northwestern University)

2:30-2:45pm Coffee Break

2:45-4:15pm (Session Moderator: Susan Helper, Case Western Reserve University)

Panel: The State (and States) of American (Green) industrial policy

• Jonas Nahm (Johns Hopkins University)
• Kate Gordon (California Forward)
• Steve Herzenberg (Keystone Research)

4:15-4:30pm Coffee Break

4:30-6:00pm Keynote conversation (Session Moderator: Eric Verhoogen, Columbia University)

• Representative Ro Khanna, in conversation with Joseph Stiglitz