Research Article
Effects of the Global Crisis on the Egyptian Textiles and Clothing Sector: A Blessing in Disguise?
Table 26
The cost of one job saved, job losses, exports, and subsidies.
| | | Total job losses for exporters between 2008-2009 | Total exports in million nominal LE 2009 | Average subsidy rate | Total subsidy in million nominal LE | Cost of one job saved (million LE per job) | Cost of one job saved (LE per job) |
| | Regular subsidy rate | 425 | 1218 | 9% | 110 | 0.258 | 257,694 | | Crisis subsidy rate | 425 | 1218 | 12% | 146 | 0.346 | 343,592 |
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Source: Author’s calculation based on IDSC firm questionnaire data.
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