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Job creation in tight and slack labor markets

Buchheim, Lukas; Watzinger, Martin; Wilhelm, Matthias - 2019

Do investment programs create more jobs in tight or in slack labor markets? We study this question using data from a large, long-term photovoltaic invest scheme in Germany. Comparing counties with high and low unemployment both over time and across space, we find that photovoltaic installations...

Persistent link: https://www.econbiz.de/10012033285

The employment effects of countercyclical infrastructure investments

Buchheim, Lukas; Watzinger, Martin - 2017

We estimate the causal impact of a sizable German infrastructure investment program on employment at the county level …'000 of investments. The employment gains reached their peak after nine months and dropped to zero quickly after the program …'s completion. The reductions in unemployment amounted to two-thirds of the job creation, and employment grew predominately in the …

Persistent link: https://www.econbiz.de/10011626715

Disclosure and subsequent innovation : evidence from the patent depository library program

Furman, Jeffrey L.; Nagler, Markus; Watzinger, Martin - 2019

How important is information disclosure through patents for subsequent innovation? To answer this question, we examine … provide evidence that disclosure plays an important role in cumulative innovation. …

Persistent link: https://www.econbiz.de/10011976081

The capital gains tax : a curse but also a blessing for venture capital investment

Bock, Carolin; Watzinger, Martin - 2017

Our study analyzes the effect of the capital gains tax on the individual investment decisions of venture capitalists. By doing so, we are able to study the decisions for a sample of 76,852 funding rounds in 32 countries from 2000 to 2012. Our results support the predictions of the theoretical...

Persistent link: https://www.econbiz.de/10011697451

How antitrust enforcement can spur innovation : Bell Labs and the 1956 consent

Watzinger, Martin; Fackler, Thomas; Nagler, Markus; … - 2017

harmful for innovation and if so, whether compulsory licensing can provide an effective remedy. The consent decree settled an …-on innovation building on Bell patents by 17%. This effect is driven mainly by young and small companies. Yet, innovation increased … only outside the telecommunications equipment industry. The lack of a positive innovation effect in the telecommunications …

Persistent link: https://www.econbiz.de/10011591035

Measuring the spillovers of venture capital

Schnitzer, Monika; Watzinger, Martin - 2017

We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of established companies. Spillover effects are larger...

Persistent link: https://www.econbiz.de/10011762520

The breakup of the Bell System and its impact on US innovation

Watzinger, Martin; Schnitzer, Monika - 2022

We analyze the effects of the 1984 breakup of the Bell System on the rate, diversity, and direction of US innovation … diversity of telecommunications innovation increased. Total patenting by US inventors related to telecommunications increased by …

Persistent link: https://www.econbiz.de/10014458851