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The shadow of death : an empirical analysis of the pre-exit performance of young German firms

Almus, Matthias - 2000

This paper makes an empirical contribution to confirm the stylized fact that the performance of firms deteoriates in the years before exit. For this reason we evaluate whether market exits differ significantly in their employment development in the years before market drop-out compared to...

Persistent link: https://www.econbiz.de/10013428341

Determinanten regionaler Unterschiede in der Gründungshäufigkeit wissensintensiver Dienstleister

Almus, Matthias; Egeln, Jürgen; Engel, Dirk - 1999

interpret the estimation results for start-ups in knowledge intensive sectors in a reliable way. The remaining firms serve as a …

Persistent link: https://www.econbiz.de/10001462371

Modeling fiscal sustainability in dynamic macro-panels with heterogenous effects : evidence from German federal states

Feld, Lars P.; Köhler, Ekkehard A.; Wolfinger, Julia - 2018

In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross-sectional dependence (CD). In particular, our econometric approach is the first that allows fiscal reaction functions (FRF) to capture unobserved heterogeneous effects from...

Persistent link: https://www.econbiz.de/10011814265

The German productivity paradox : facts and explanations

Elstner, Steffen; Feld, Lars P.; Schmidt, Christoph M. - 2018

Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth. This paper analyzes the reasons behind this disconcerting development. A major factor is the turnaround of the labor market that commenced around 2005. The successful...

Persistent link: https://www.econbiz.de/10011897954

What characterizes a fast growing firm?

Almus, Matthias - 2000

and Western Germany. Descriptive analyses have shown that most firms experience only small positive or negative employment … when separating Eastern and Western Germany as well as using different definitions of fast growing firms. Moreover, the …

Persistent link: https://www.econbiz.de/10013428387

Evaluating the impact of public start-up assistance : results from an econometric approach

Almus, Matthias - 2001

This paper analyzes the medium-term growth performance of firms that exclusively received start-up assistance from programs administered by the Deutsche Ausgleichsbank (DtA), a state owned bank, within two years after startup. I apply a parametric selection approach that controls for two...

Persistent link: https://www.econbiz.de/10013428407

Growth Determinants of start-ups in Eastern Germany : a comparision between innovative and non-innovative firms

Almus, Matthias; Nerlinger, Eric; Steil, Fabian - 1999

This empirical analysis deals with the determinants of growth and the explanation of variations in the growth between innovative and non-innovative start-ups. Based on theoretical models explaining the growth of firms, hypotheses on potential determinants are formulated. The regression results...

Persistent link: https://www.econbiz.de/10013428203

The effects of public R&D subsidies on firms' innovation activities in a transition economy : the case of Eastern Germany

Almus, Matthias - 2001

This study analyzes the effects of public R&D policy schemes on the innovation activities of firms located in Eastern … Germany. The main question in this context is whether public funds stimulate R&D activities or simply crowd out privately … financed R&D. Empirically, we investigate the average causal effects of all public R&D schemes in Eastern Germany using a …

Persistent link: https://www.econbiz.de/10013428392

Making judges independent : some proposals regarding the judiciary

Feld, Lars P.; Voigt, Stefan - 2004

It is argued that an independent judiciary is a necessary condition for both individual liberty and economic prosperity. After having surveyed the literature dealing with how to arrange for an independent judiciary, the authors derive some additional policy implications by drawing on two...

Persistent link: https://www.econbiz.de/10002258084

Strategic tax competition in Switzerland : evidence from a panel of the Swiss cantons

Feld, Lars P.; Reulier, Emmanuelle - 2005

Tax competition is discussed as a source of inefficiency in international taxation and in fiscal federalism. Two preconditions for the existence of such effects of tax competition are that mobile factors locate or reside in jurisdictions with ceteris paribus lower tax rates and that taxes are...

Persistent link: https://www.econbiz.de/10003084381