Barry, FrankFrankBarryDurkan, JoeJoeDurkan2010-01-152010-01-151995-07199510http://hdl.handle.net/10197/1778Since wage stickiness generates unemployment or intersectoral labour transfer in excess of that associated with a flexible-wage adjustment process, it is frequently argued that declining industries should be subsidised to some extent to replicate the behaviour of undistorted economies. We discuss three arguments against this "traditional" viewpoint, and find that each applies in the cases of Irish Steel and Team Aer Lingus. Intervention, we find, far from alleviating the competitiveness problems that these sectors face, actually worsens them.520672 bytesapplication/pdfenDeclining industriesProtectionTEAM Aer LingusIrish steelD61E24J51R13Industrial policy--Ireland--Case studiesWages--Ireland--Case studiesTrade adjustment assistanceWorking Paperhttps://creativecommons.org/licenses/by-nc-sa/1.0/