IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-61051-4_4.html
   My bibliography  Save this book chapter

Asset Specificity and the Demand for Subsidies

In: State Subsidies in the Global Economy

Author

Listed:
  • Nikolaos Zahariadis

Abstract

Having shown the effects of globalization on subsidization efforts, I now turn my focus to the domestic policy process. While exposure to global economic forces has an important independent impact on subsidies, the effects are also filtered through domestic groups. Asset specificity, that is, the relative cost of moving productive assets across industries, has important implications for subsidies. The degree of asset specificity shapes the preferences of social actors for more protection (or not) through political coalitions and lobbying. Asset specificity among producer groups is then linked to their ability to demand more subsidies. Equally importantly, globalization shapes actor investments in more specific (or not) assets. The effects of asset specificity are therefore likely to vary in intensity depending on the level of exposure to global markets. Globalization has important independent and interactive effects.

Suggested Citation

  • Nikolaos Zahariadis, 2008. "Asset Specificity and the Demand for Subsidies," Palgrave Macmillan Books, in: State Subsidies in the Global Economy, chapter 0, pages 59-78, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-61051-4_4
    DOI: 10.1057/9780230610514_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-61051-4_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.