We examine firm responses to location-based hiring subsidies. We leverage institutional features of the California Competes Tax Credit (CCTC), a large-scale business incentive program that incorporates best practices from prior job creation policies. The CCTC award selection procedure combines...

Die Bund-Länder-Gemeinschaftsaufgabe "Verbesserung der regionalen Wirtschaftsstruktur" (GRW) ist ein zentraler Baustein der regionalen Wirtschaftspolitik in Deutschland. Von 1991 bis 2008 wurden auf diesem Weg gewerbliche Investitionen von Unternehmen in strukturschwachen Regionen mit 26...

Investment in East Germany is heavily subsidized. Econometric estimates based on a treatment approach show that the level of investment is significantly higher in firms being supported by state aid. Nevertheless, capital productivity is lower in East Germany, indicating a misallocation of...

In Japan, recent low birthrate and aging population have progressively led to a crisis for infrastructure. In particular, the quantity of drainage from homes and factories is remarkably decreasing, along with the decline of economic activity resulting from the overseas move of Japanese...

Urban revitalization programs are widespread used but empirically understudied place-based policy instruments which attract increasing attention in recent years. This study adds to the existing literature by evaluating the selection process which led to the designation of a set of five urban...

This paper studies the effects of hosting Olympic Games on the regional economy in the short- and long-run. For identification, runners-up in the Olympic bidding process are used to construct the counterfactual for Olympic host regions. In the short-run, hosting Summer Olympics boosts regional...

Special Economic Zones (SEZs) were established to attract entrepreneurs to invest in Polish regions in order to increase their social and economic development. One of the most important incentives offered in SEZs is state aid in the form of an income tax exemption. The objective of this paper is...

We investigate the impact of research and development (R&D) subsidies on R&D inputs of large- and medium-sized firms and on additional innovation and economic activities in Chinese provinces. A panel vector autoregressive (VAR) model and corresponding impulse response function (IRF) analysis...

We investigate the impact of research and development (R&D) subsidies on R&D inputs of large- and medium-sized firms and on additional innovation and economic activities in Chinese provinces. A panel vector autoregressive (VAR) model and corresponding impulse response function (IRF) analysis...

In recent years there has been an increasing move towards allowing for impacts beyond the direct user benefits and costs in the appraisal of transport investments. Much of the interest to date has been in justifying the inclusion of such wider impacts as a genuine net addition to a cost-benefit...