EXPORT SUBSIDY COMPETITION AND THE WTO AGREEMENT

Yu-Ter Wang ()
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Yu-Ter Wang: Department of International Business, Kai Nan University

Journal of Economic Development, 2003, vol. 28, issue 1, 23-34

Abstract: This paper explains the occurrence of export subsidy competition and a series of accusations by the exporters that follows it, and also examines the welfare implications of the WTO agreement that prohibits export subsidies for the countries concerned and the world as a whole. It is shown that the welfare of the exporter with low costs of production is higher when export subsidization is permitted than when it is prohibited. Furthermore, the world as a whole is better off when exporting countries subsidize their exports.

Keywords: Export Subsidy Competition; WTO (search for similar items in EconPapers)
JEL-codes: F1 F11 F13 K33 (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:jed:journl:v:28:y:2003:i:1:p:23-34

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