Department or Administrative Unit
Governments use industrial policy to promote the development of new industries and the creation and adoption of new technologies. Such policy involves subsidies granted to producers and consumers, usually for the purpose of correcting a market failure. Concerning renewable energies such as wind energy and solar energy, China, the United States, and the European Union provide extensive support to producers and consumers. This support has resulted in trade frictions among these nations. This paper discusses the relationship between industrial policy and trade disputes in renewable energy.
Carbaugh, R. & St. Brown, M. (2012). Industrial Policy and Renewable Energy: Trade Conflicts. Journal of International and Global Economic Studies 5(1), 1-16.
Journal of International and Global Economic Studies
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This article was originally published in the Journal of International and Global Economic Studies and is available from the publisher here.