Digitale Medien
Oxford, UK
:
Blackwell Publishing Ltd
Journal of regional science
36 (1996), S. 0
ISSN:
1467-9787
Quelle:
Blackwell Publishing Journal Backfiles 1879-2005
Thema:
Geographie
,
Wirtschaftswissenschaften
Notizen:
. This paper comprises a detailed investigation of the properties of the analytical model introduced in Wren (1994) to evaluate the effect of industrial subsidies on firm employment. We deal specifically with the link between additionality and whether the firm is finance constrained, adding a more flexible formulation for the financial constraint than the two given in Wren. We use the model to question Wren's view that additionality will be greatest in financially constrained firms. We argue that financial constraints potentially restrict leverage and therefore in important, relevant circumstances, limit the effectiveness of subsidies.
Materialart:
Digitale Medien
URL:
http://dx.doi.org/10.1111/j.1467-9787.1996.tb01271.x
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