Atalay, Enghin; Hortaçsu, Ali; Runyun, Mustafa; … - National Bureau of Economic Research - 2023
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 …
