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exchange rate is sufficiently high and the level of the nominal wage sufficiently low, the marginal effect of the subsidy will …
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In an effort to stimulate trade, has Canada conducted regular trade missions starting in 1994, often led by the Prime Minister. According the Canada, these mission have led to tens of billions of dollars in new business deals. This paper uses multilateral trade data and a gravity equation to...
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Special economic zones (SEZ), one of the most important instruments of industrial policy used in developing countries, often impose export share requirements (ESR). That is, firms located in SEZ are required to export more than a certain share of their output to enjoy a wide array of incentives...
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We estimate the impact of the removal of a railway transportation subsidy on the local economies of Alberta … numbers. Local employment in non-agricultural sectors systematically declined in areas that were hardest hit by the subsidy … removal. The results suggest that the subsidy removal had detrimental spillover effects on local non-agricultural economy that …
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