Manufacturing entry in Greece, 1982‐1988: did sectoral policy work

Reports an attempt to evaluate the role of industrial policy in affecting entry in Greek manufacturing industry in 1982‐1988. Finds that industrial policy favouring the restructuring of Greek manufacturing towards capital‐intensive and high technology sectors, affected entrants′ numbers but not entrants′ total assets. Therefore, proposes that its effect on restructuring is minimal. Finds that other factors influence entry significantly. Gives suggestions for a more effective sectoral policy.