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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

Misappropriation of R&D subsidies : estimating treatment effects with one-sided noncompliance

Boeing, Philipp; Peters, Bettina - 2021

Persistent link: https://www.econbiz.de/10012818352

Misappropriation of R&D subsidies : estimating treatment effects with one-sided noncompliance

Boeing, Philipp; Peters, Bettina - 2021

In evaluating the effectiveness of R&D subsidies, the literature has focused on potential crowding out effects, while the possibility of misappropriation of public funds that results from moral hazard behavior has been completely neglected. This study develops a theoretical framework with which...

Persistent link: https://www.econbiz.de/10012661468

Misappropriation of R&D subsidies : estimating treatment effects with one-sided noncompliance

Boeing, Philipp; Peters, Bettina - 2022 - This version: April 2022

We investigate the misappropriation of R&D subsidies and evaluate its consequences for policy effectiveness. Using Chinese firm-level data for 2001-2011, we identify that 42% of grantees misused R&D subsidies, accounting for 53% of total R&D subsidies. Misappropriation leads to a substantial...

Persistent link: https://www.econbiz.de/10013175474

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

Effects of R&D subsidies on regional economic dynamics : evidence from Chinese provinces

Eberle, Jonathan; Boeing, Philipp - 2019

and on additional innovation and economic activities in Chinese provinces. A panel vector autoregressive (VAR) model and …

Persistent link: https://www.econbiz.de/10012105422

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 anatomy of Chinese innovation : insights on patent quality and ownership

Boeing, Philipp; Brandt, Loren; Dai, Ruochen; Lim, Kevin; … - 2024

We study the evolution of patenting in China from 1985-2019. We use a Large Language Model to measure patent importance based on patent abstracts and classify patent ownership using a comprehensive business registry. We highlight four insights. First, average patent importance declined from...

Persistent link: https://www.econbiz.de/10014504832

A global decline in research productivity? : evidence from China and Germany

Boeing, Philipp; Hünermund, Paul - 2020

In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U.S. economy during the last 40 years. In this paper, we replicate their findings for China and Germany, using detailed firm-level data spanning three decades. Our results indicate that...

Persistent link: https://www.econbiz.de/10012239797

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