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Growing like Germany : local public debt, local banks, low private investment
Hoffmann, Mathias; Stewen, Iryna; Stiefel, Michael - 2021 - This version: December 2020, first version: August 2019
The paper uses a panel of more than 1m German firms over 2010-2016, to provide the first firm-bank level evidence of local crowding out for a developed economy characterized by low interest rates and fiscal austerity. Our mechanism relies on two structural features of Germany's banking...
Persistent link: https://www.econbiz.de/10013330594
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Sparkassen revisited : the resiliency of German savings banks between globalization and crises
Schwan, Michael; Cassell, Mark K. - In: IBF paper series (2022) 1, pp. 1-14
Despite changes in production networks, welfare state institutions or global finance, Germany's growth model still rests on its unique three-pillar banking system with its strong position of public and cooperative banks. This chapter takes a close look at German savings banks and reassesses the...
Persistent link: https://www.econbiz.de/10013179334
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Import competition and firm productivity : evidence from German manufacturing
Braeuer, Richard; Mertens, Matthias; Slavtchev, Viktor - 2020
This study analyzes empirically the effects of import competition on firm productivity (TFPQ) using administrative firm …-level panel data from German manufacturing. We find that only import competition from high-income countries is associated with … positive incentives for firms to invest in productivity improvement, whereas import competition from middle- and low …
Persistent link: https://www.econbiz.de/10012426234
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Entry regulation and competition evidence from retail and labor markets of pharmacists
Rostam-Afschar, Davud; Unsorg, Maximiliane - 2021
We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. Our theoretical model suggests that firms with high managerial efficiency open more stores per firm and have higher labor demand due to the reform. We find a sharp persistent increase in entry...
Persistent link: https://www.econbiz.de/10013337733
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The relationship between start-ups, market mobility and employment growth : an empirical analysis for Dutch region
Koster, Sierdjan; Stel, Adriaan J. van - 2010
regional level (see Fritsch, 2008, for a survey) which suggests that competition among incumbent firms is caused by (lagged …) start-up rates. Contrary to earlier research the present paper employs a direct measure of the level of competition between …
Persistent link: https://www.econbiz.de/10012170064
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More than words : a global analysis of the socio-economic impact of Rich Interaction Applications (RIAs) : 28th ITS Europe, Passau, Germany
Arnold, René; Hildebrandt, Christian; Tas, Serpil; … - 2017
strive for framework conditions that enable or even better facilitate innovation as well as dynamic competition. Ultimately …
Persistent link: https://www.econbiz.de/10011778592