Trade Integration and the Destination of Subsidies (notice n° 546761)
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| fixed length control field | 01584cam a2200217 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121114320.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Exbrayat, Nelly |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Trade Integration and the Destination of Subsidies |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2010.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 56 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | In this paper, we will develop a model of trade and localization, with two countries which differ in productivity levels. Public spending has two possible outcomes: a direct subsidy to immobile households or a wage subsidy to mobile firms. We will show how at the subsidies equilibrium, the country with the higher level of productivity provides firms with a lower after-tax subsidy. Despite this less generous policy, the former country can host a larger share of firms such that its total spending can be higher than in the low-productivity country when trade costs are low enough. Welfare analysis suggests that the second-best optimum requires an increase in subsidy to households in both countries when the economies are weakly integrated, or that the productivity gap is low, and alternatively, a significant portion of capital owners reside outside both economies. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | trade integration |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | public expenditure composition |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | firm location |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Gaigné, Carl |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Riou, Stéphane |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Recherches économiques de Louvain | 75 | 4 | 2010-01-21 | p. 407-423 | 0770-4518 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-recherches-economiques-de-louvain-2009-4-page-407?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-recherches-economiques-de-louvain-2009-4-page-407?lang=en&redirect-ssocas=7080</a> |
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