Foreign Subsidization and Excess Capacity
---- Acknowledgements ----
This research was supported by NSF grant 0416854. We thank Emma Aisbett, Joshua Aizenmann, Menzie Chinn, Ronald Davies, Charles Engel, Robert Feenstra, Ann Harrison, Maria Muniagurria, Maury Obstfeld, Aris Protopapadakis, Andrew Rose, Kathryn Russ, Bob Staiger, and seminar participants at the Santa Cruz Center for International Studies conference, the University of California-Berkeley and the University of Wisconsin-Madison for helpful comments. We also thank Laura Kerr- Valentic, Anson Soderbery and Paul Thoma for excellent research assistance, and Benjamin Liebman and Chad Bown for sharing data with us. Any remaining errors are our own. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.