| 000 | 02438cam a22003497 4500 | ||
|---|---|---|---|
| 001 | w6788 | ||
| 003 | NBER | ||
| 005 | 20211020113817.0 | ||
| 006 | m o d | ||
| 007 | cr cnu|||||||| | ||
| 008 | 210910s1998 mau fo 000 0 eng d | ||
| 100 | 1 |
_aBregman, Arie. _96800 |
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| 245 | 1 | 4 |
_aThe Effects of Capital Subsidization on Israeli Industry / _cArie Bregman, Melvyn Fuss, Haim Regev. |
| 260 |
_aCambridge, Mass. _bNational Bureau of Economic Research _c1998. |
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| 300 |
_a1 online resource: _billustrations (black and white); |
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| 490 | 1 |
_aNBER working paper series _vno. w6788 |
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| 500 | _aNovember 1998. | ||
| 520 | 3 | _aAn 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 associated subsidies by vintage at the level of the individual enterprise for 620 firms. These data provide the means by which an empirical analysis of the effects of the policy of subsidizing capital can be undertaken. We estimate that, for the years 1990-94, this policy has resulted in production inefficiencies ranging from 5% for firms that receive the average level of subsidies to 15% for heavily subsidized firms. We also document the fact that much of the subsidization appears not to have been necessary, in the sense that subsidized firms generally have earned higher rates of return on their total physical capital (including that portion which was subsidized) than firms that were not subsidized. | |
| 530 | _aHardcopy version available to institutional subscribers | ||
| 538 | _aSystem requirements: Adobe [Acrobat] Reader required for PDF files. | ||
| 538 | _aMode of access: World Wide Web. | ||
| 588 | 0 | _aPrint version record | |
| 690 | 7 |
_aL52 - Industrial Policy • Sectoral Planning Methods _2Journal of Economic Literature class. |
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| 690 | 7 |
_aO53 - Asia including Middle East _2Journal of Economic Literature class. |
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| 700 | 1 |
_aFuss, Melvyn. _910883 |
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| 700 | 1 | _aRegev, Haim. | |
| 710 | 2 | _aNational Bureau of Economic Research. | |
| 830 | 0 |
_aWorking Paper Series (National Bureau of Economic Research) _vno. w6788. |
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| 856 | 4 | 0 | _uhttps://www.nber.org/papers/w6788 |
| 856 |
_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w6788 |
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| 942 |
_2ddc _cW-PAPER |
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| 999 |
_c341502 _d300064 |
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