Economics of Subsidy

25 Pages Posted: 26 May 2006  

Dr. Sanjay Pandey

Government of India; Competition Commission of India ; Amity Law School; National Law University, Jodhpur

Date Written: December 2005

Abstract

Subsidy as a manipulative support system is structured in a country by way of fiscal law relating to macro-economic management through the budgetary process. It is that branch of International Trade Law, fact file of which lies in pure economics. International trade lawyers, intellectuals, politicians and economists view subsidy from different perspectives. Subsidy is a protectionist device, on account of political economic compulsion, is a trade distortion mechanism and many more. Some identify subsidy as a mechanism to enforce equality but subsidy remains essentially a paradigm driven by economics. Thus economics of subsidy should entail all elements of legalism. The complexities involved in this branch of study squarely relates to fore corners of subsidy definition.

Keywords: subsidy, WTO, USA, India, Economics

Suggested Citation

Pandey, Dr. Sanjay, Economics of Subsidy (December 2005). Available at SSRN: https://ssrn.com/abstract=904564 or http://dx.doi.org/10.2139/ssrn.904564

Sanjay Kumar Pandey (Contact Author)

National Law University, Jodhpur ( email )

NH-65, Nagaur Road, Mandore
Jodhpur-342004 (Raj), Rajasthan
India
91 291 5121595; 9828122466 (Phone)
91 291 2577540 (Fax)

HOME PAGE: http://www.nlujodhpur.ac.in

Government of India ( email )

India

HOME PAGE: http://mca.gov.in

Competition Commission of India ( email )

The Hindustan Times House
18-20 Kasturba Gandhi Marg
New Delhi, 110001
India

HOME PAGE: http://cci.gov.in

Amity Law School ( email )

F-1 Block, Amity University Campus
Sector 125
Noida, ND Uttar Pradesh 201005
India

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