Business

Picking winners in strategic emerging industries using government subsidies in China: the role of market power

J. Shi, B. M. Sadowski, et al.

This fascinating study reveals how government subsidies can significantly boost labor productivity in China's strategic industries, influenced by market power dynamics. The research conducted by Junguo Shi and colleagues uncovers critical insights into the varying impacts on domestic versus foreign firms, paving the way for smarter subsidy policies.

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