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The aim of this paper is to assess the potential impacts of different fertilizer subsidy reform options on the … area reallocation rather than land productivity. The reallocation of nitrogen fertilizer subsidy to only strategic crops …
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from the steady state under current R&D subsidization in the US, the R&D subsidy should significantly jump upwards and then … slightly decrease over time. There is a negligible loss in welfare, however, from immediately setting the R&D subsidy to its …
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