Utilizing 4-digit Chinese industrial data and detailed transactional trade data, this paper finds two paradoxes. First, the distribution of FDI across value chains in light industries is the opposite of many extant explanations. Second, China's dominance as an exporter is belied by the...

Auf Grund von Kapitalsubventionen litt die wirtschaftliche Effizienz: um 5% bei einer durchschnittlichen Subventionssumme und um 15% bei hochsubventionierten Unternehmen. Außerdem war ein Großteil der Subventionen gar nicht notwendig, da die subventionierten Firmen sowieso einen höheren...

An industrial policy of subsidizing physical capital investment has been utilized in many countries in order to encourage export growth and spread economic development to outlying areas. For Israel, we possess a unique time series-cross section micro data set that details investment and its...

An industrial policy of subsidizing physical capital investment has been utilized in many countries in order to encourage export growth and spread economic development to outlying areas. For Israel, we possess a unique time series-cross section micro data set that details investment and its...