ITEM METADATA RECORD
Title: Bidding for investment projects: smart public policy or corporate welfare?
Authors: Van Biesebroeck, Jo
Issue Date: 2008
Publisher: University of Toronto, Department of Economics
Series Title: Working paper 344 pages:1-28
Abstract: Recently, several governments in Canada have shown an increased willingness to subsidize private investment projects, especially in the manufacturing sector, to the dismay of tax conservatives. I evaluate under what circumstances these government subsidies make sense, paying particular attention to interjurisdictional competition. I show what governments should expect to pay when they join a bidding war and derive the expected welfare gain. The analysis looks in detail at the efforts of the Ontario and federal governments to attract new investments in the automobile sector.
Publication status: published
KU Leuven publication type: ER
Appears in Collections:Research Center of Econometrics, Leuven
Department of Economics, Leuven - miscellaneous

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