retaliatory measures from other countries, leading to a wasteful "subsidy race." However, subsidies for sectors with inherent … of a ``subsidy race'' in the semiconductor industry …

positive impact of subsidy on current year employment, both for the aggregated and employment-related subsidies. These findings …

's vehicle market under ABS and conduct counterfactual simulations to evaluate the welfare impacts of various subsidy designs … subsidy redistribution through product-level subsidies, as suggested by our theoretical model, further enhances welfare gains … by an additional 34% to 62%. Among the ABS designs, China's notched subsidy design based on driving range leads to …

capacity acquisition than with R&D subsidies. This occurs because a firm's incentives to do R&D are diminished by a subsidy on …

an increase in economic activity in industry-province pairs that were the focus of the subsidy program, and positive … equilibrium model, we then assess the program's impacts. Based on the calibrated model we find that, in the long run, the subsidy … the country. These modest longer-term effects are due to the ability of households to migrate in response to the subsidy …