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This paper estimates establishment-level employment effects of investment grants in one of the German Federal States …-specific and regional information from different sources. The results suggest that investment grants have a positive influence on …
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To measure the real effects of credit-supply disruptions during financial crises, we develop a quantitative model of … firm investment and debt that features firm heterogeneity and financial frictions. We apply this framework to a novel …, census-type panel dataset for manufacturing firms and find that the contraction in credit supply during the Greek Depression …
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