 Sectors and InstrumentsNikolaos Zahariadis Chapter Chapter 7 in State Subsidies in the Global Economy, 2008, pp 133-158 from Palgrave Macmillan Abstract: Abstract The empirical record has so far stopped with the various objectives of subsidies. That is not the only way subsidies may be differentiated. I extend the treatment of subsidies in two ways. First, there is good reason to suspect that subsidies to different sectors may be given for different reasons. The most significant differences are found in subsidies to manufacturing versus agriculture. Much of the stalemate in the Doha Round of world trade negotiations, and the rancor behind the Uruguay Round, is attributed to the problem of agricultural subsidies (Bagwell and Staiger, 2002, chapter 10). Is agriculture a special case? Second, I explore the calculus of instrument choice by looking at four policy tools: grants, tax incentives, soft loans, and capital guarantees. Different instruments have different rationales and expectations. To ascertain the robustness of the model, I examine the model’s ability to explain the choice of policy tools. How well does the model fare? Keywords: Foreign Direct Investment; Common Agricultural Policy; Portfolio Investment; Percentile Score; Agricultural Subsidy (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-61051-4_7 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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