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Welfare and cross-border spillover effects of industrial subsidies in general equilibrium.
- Format:
- Book
- Government document
- Series:
- WTO Working Papers 25189808.
- Language:
- English
- Physical Description:
- 1 online resource (80 pages).
- Place of Publication:
- WTO, 2026.
- System Details:
- data file
- Summary:
- In a simple partial equilibrium setting without externalities industrial subsidies promote manufacturing output in the subsidizing region but harm welfare, whereas spillover effects to welfare in other regions are positive if the country is large. In a general equilibrium model instead the welfare effects are ambiguous, because of pre-existing distortions and general equilibrium terms of trade effects.
- Access Restriction:
- Restricted for use by site license.
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