Department Profiles
Research Profiles of the IWH Departments All doctoral students are allocated to one of the four research departments (Financial Markets – Laws, Regulations and Factor Markets –…
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East Germany
The Nasty Gap 30 years after unification: Why East Germany is still 20% poorer than the West Dossier In a nutshell The East German economic convergence process is hardly…
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IWH European Real Estate Index
IWH European Real Estate Index The IWH European Real Estate Database is a new data set that illustrates the developments in the real estate market across Europe. The database…
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IWH FDI Micro Database
IWH FDI Micro Database The IWH FDI Micro Database (FDI = Foreign Direct Investment) comprises a total population of affiliates of multinational enterprises (MNEs) in selected…
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Research Data Centre
Research Data Centre The IWH Research Data Centre provides external scientists with data for non-commercial research. The research data centre of the IWH was accredited by RatSWD…
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Research Clusters
Three Research Clusters Research Cluster "Economic Dynamics and Stability" Research Questions This cluster focuses on empirical analyses of macroeconomic dynamics and stability.…
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Seed Fund
Seed Fund Projects SEED 2022/01 Environmental Macroeconomics: Modelling Regional and Sectoral Heterogeneity IWH-Projektleiter: Gregor von Schweinitz Projektpartner: Martin Quaas…
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Stock of fixed assets
Stock of fixed assets Gross fixed capital formation Gross fixed capital formation includes the purchase of permanent and reproducible fixed assets as well as created fixed assets…
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Konjunktur aktuell: Gasspeicher voll – Konjunkturaussichten weniger trüb
Konjunktur aktuell,
No. 1,
2023
Abstract
Im Frühjahr 2023 wirken gegenläufige Kräfte auf die Weltwirtschaft: Das Ende des Corona-Lockdowns in China gibt vor allem dem asiatischen Raum einen Schub, doch die anhaltend hohe Inflation belastet die fortgeschrittenen Volkswirtschaften weltweit. Alles in allem bleibt die internationale Konjunktur 2023 schwach. Für die deutsche Wirtschaft blieb der vielfach erwartete deutliche Einbruch aus, denn die Gasversorgungslage hat sich zunächst stabilisiert. Dennoch dürfte die Konjunktur wegen der Energiekosten, hoher Inflation, gestiegener Realzinsen und rückläufiger Realeinkommen schwach bleiben. Das Bruttoinlandsprodukt dürfte im Jahr 2023 um lediglich 0,4% zulegen, und die Inflationsrate bleibt mit 5,8% hoch.
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Employment Effects of Investment Grants and Firm Heterogeneity – Evidence from a Staggered Adoption Approach
Eva Dettmann, Mirko Titze, Antje Weyh
IWH Discussion Papers,
No. 6,
2023
Abstract
This study estimates the establishment-level employment effects of investment grants in Germany. In addition to the average treatment effect for the treated, we focus on discrimination in the funding rules as potential source of effect heterogeneity. We combine the difference-in-differences approach of Callaway and Sant’Anna (2021) that explicitly models variation in treatment timing with a ties matching at the cohort level. We observe a positive effect of investment grants on employment development in the full sample. The subsample analysis yields strong evidence for effect heterogeneity due to firm characteristics and the economic environment.
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