Business support policies designed to raise productivity and employment are commonworldwide, but rigorous micro-econometric evaluation of their causal effects is rare. Weexploit multiple changes in the area-specific eligibility criteria for a major program to supportmanufacturing jobs...

[...]One important theme, common to both views, is thatinvestment is a fundamental part of the growth process.Investment, moreover, may be defined broadly to include anyexpenditure that provides productive payoffs in the future;therefore, measures of human capital and research anddevelopment...

This paper develops a sequential learning estimator of production functions and productivitydynamics for unbalanced establishment panels. Extending an idea from the literatureon dynamic industry models, establishments are uncertain about their own idiosyncraticproductivities and update...

We develop a stylized model of economic growth with bubbles. In this model, financial frictions leadto equilibrium dispersion in the rates of return to investment. During bubbly episodes, unproductiveinvestors demand bubbles while productive investors supply them. Because of this, bubbly...

Boadway & Bruce (1984) und König (1997) haben investitionsneutrale Steuersysteme unter Annahme eines in der Zeit konstanten Steuersatzes vollständig charakterisiert. Unter Benutzung einer Idee von Wenger (1983) werden die Untersuchungen auf den Fall zeitlich veränderbarer Steuersätze.

In der vorliegenden Arbeit wird eine neue Methode zur Herleitung von Bewertungsgleichungenvorgestellt, wenn es darum geht, Unternehmensbewertungen mit Hilfe eines DCF–Verfahrens vorzunehmenund dabei Ertragsteuern in detaillierter Form zu ber¨ucksichtigen. Unsicherheitsaspektebleiben dabei...

A widely recognized paper by Colin Mayer (1988) has led to a profound revision of academic thinking about financing patterns of corporations in different countries. Using flow-of-funds data instead of balance sheet data, Mayer and others who followed his lead found that internal financing is the...

Die interne Zinsfußmethode wird zu Unrecht kritisiert,wenn man ihr generell eine verborgene Wiederanlageprämisseunterstellt. Der vorliegende Beitrag zeigt, daß insehr vielen Fällen Äquivalenz mit der Kapitalwertmethodebesteht.