Box 3.6.: Place-based industrial policies and credit markets: Evidence from the former East and West
Aleksandr Kazakov, Michael Koetter
EBRD Transition Report 2024-25,
December
2024
Abstract
The Transition Report 2024-25 focuses on industrial policies in the EBRD regions and beyond. Such policies have seen a resurgence, seeking to address market failures such as environmental degradation. However, their track record is mixed. Their growing popularity is shaped primarily by domestic political economy considerations and rising geopolitical tensions. While industrial policies are typically employed by higher-income economies, they are also now used more frequently in economies with less administrative and fiscal capacity to implement them.
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„Evaluation der Gemeinschaftsaufgabe ‚Verbesserung der regionalen Wirtschaftsstruktur‘ (GRW)“ durch einzelbetriebliche Erfolgskontrolle – Evaluationsbericht –
Matthias Brachert, Eva Dettmann, Lutz Schneider, Mirko Titze
IWH Studies,
No. 3,
2024
Abstract
Gegenstand dieses Evaluationsberichts ist die Replikation und Erweiterung der Ergebnisse des vorhergehenden Gutachtens zur Evaluation der Gemeinschaftsaufgabe ‚Verbesserung der regionalen Wirtschaftsstruktur‘ (GRW)
Der vorliegende Evaluationsbericht verfolgt zwei Ziele. Erstens aktualisiert er die Ergebnisse aus dem vorherigen Gutachten. Zweitens betrachtet er einige Aspekte zu den Wirkungen der GRW-Förderung vertiefend. Dazu gehört insbesondere die Frage, ob die GRW für die geförderten Betriebe tatsächlich einen Anreizeffekt im Sinne einer Ausweitung der Investitionstätigkeit hatte und wie sich die Effekte der Förderung unter Verwendung fortgeschrittener Produktivitätsmaße darstellt. Des Weiteren widmet sich der Evaluationsbericht einer vertiefenden Untersuchung heterogener Effekte auf sektoral disaggregierter Ebene sowie nach Betriebsgrößenklassen. Wo es möglich ist, analysiert der Bericht zudem längere Zeiträume nach dem Beginn des Förderprojekts. Schließlich widmet sich der Evaluationsbericht Fragen zur Wirtschaftlichkeit des GRW-Programms auf einzelbetrieblicher Ebene, indem er die Effekte in Beziehung setzt zur Höhe der aufgewendeten Fördermittel.
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Who Benefits from Place-based Policies? Evidence from Matched Employer-Employee Data
Philipp Grunau, Florian Hoffmann, Thomas Lemieux, Mirko Titze
IWH Discussion Papers,
No. 11,
2024
Abstract
We study the wage and employment effects of a German place-based policy using a research design that exploits conditionally exogenous EU-wide rules governing the program parameters at the regional level. The place-based program subsidizes investments to create jobs with a subsidy rate that varies across labor market regions. The analysis uses matched data on the universe of establishments and their employees, establishment-level panel data on program participation, and regional scores that generate spatial discontinuities in program eligibility and generosity. These rich data enable us to study the incidence of the place-based program on different groups of individuals. We find that the program helps establishments create jobs that disproportionately benefit younger and less-educated workers. Funded establishments increase their wages but, unlike employment, wage gains do not persist in the long run. Employment effects estimated at the local area level are slightly larger than establishment-level estimates, suggesting limited spillover effects. Using subsidy rates as an instrumental variable for actual subsidies indicates that it costs approximately EUR 25,000 to create a new job in the economically disadvantaged areas targeted by the program.
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Green Transition
Green Transition Research and Policy Advice for Structural Change in the German Economy Dossier, 18.06.2024 Green Transition The green transition is a key topic of our time. In a…
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Centre for Evidence-based Policy Advice
Centre for Evidence-based Policy Advice (IWH-CEP) The Centre for Evidence-based Policy Advice (IWH-CEP) of the IWH was founded in 2014. It is a platform that bundles and…
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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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Guiding Theme and Research Profile
Tasks of the IWH Guided by its mission statement , the IWH places the understanding of the determinants of long term growth processes at the centre of the research agenda. Long…
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Organisation of Research
Tasks of the IWH Guided by its mission statement , the IWH places the understanding of the determinants of long term growth processes at the centre of the research agenda. Long…
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Evaluation of Place-based Policies
Evaluation of Place-based Policies An important part of IWH-CEP's work is the evaluation of political subsidy programmes aimed at certain regions such as the Joint Agreement for…
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Data Protection Policy We take the protection of your personal data very seriously and treat your personal data with confidentiality and in compliance with the provisions of law…
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