Du, Jun; Girma, Sourafel; Görg, Holger; Stepanok, Ignat - 2022
where other firms are subsidized. These negative externalities depend on the share of firms that receive subsidies in the … competitive. We implement an approach that allows for the joint estimation of direct and indirect effects of subsidies on … subsidized and non-subsidized firms. We find that firms that receive subsidies experience a boost for productivity. However, our …