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Displaying results 1 to 8 of 8.

  1. The impact of public subsidies on venture capital investments in start-up enterprises
    Author: Schertler, Andrea
    Published: 2000
    Publisher:  Inst. of World Economics, Kiel

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  2. The Impact of Public Subsidies on Venture Capital Investments in Start-Up Enterprises
    Author: Schertler, Andrea
    Published: 2000
    Publisher:  Kiel Institute for the World Economy (IfW), Kiel

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  3. The impact of a public voucher for the arts
    evidence from the Italian 18app
    Author: Baldin, Andrea; Marenzi, Anna; Zantomio, Francesca
    Published: [2024]
    Publisher:  Società italiana di economia pubblica, [Pavia]

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 715
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Siep, Società italiana di economia pubblica ; no 782 (settembre 2024)
    Subjects: vouchers; public subsidies; impact evaluation; cultural consumption
    Scope: 1 Online-Ressource (circa 31 Seiten)
  4. Making subsidies work
    rules vs. discretion
    Author: Cingano, Federico; Palomba, Filippo; Pinotti, Paolo; Rettore, Enrico
    Published: February 2022
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We estimate the effects of a large program of public investment subsidies granted to Italian firms in disadvantaged areas. Projects were given numerical scores according to objective criteria and local politicians’ preferences, and funded in rank... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63
    Inter-library loan:
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    We estimate the effects of a large program of public investment subsidies granted to Italian firms in disadvantaged areas. Projects were given numerical scores according to objective criteria and local politicians’ preferences, and funded in rank order until the funds were fully allocated. We estimate that subsidies increased investment by marginal firms near the cutoff by 39 percent, and employment by 17 percent over a 6-year period. Building on recent advancements in the econometrics of regression discontinuity designs, we characterize heterogeneity of treatment effects and cost-per-new-job across inframarginal firms away from the cutoff. Employment grows more in smaller firms, but larger firms generated more jobs-per-euro of subsidy. Younger firms did better than older firms. Firms ranking high on objective criteria and firms preferred by local politicians generated larger employment growth on average, but the latter did so at a higher cost per job. Under a policy invariance assumption, we estimate that eliminating political discretion and relying only on objective criteria would reduce the cost per job by 9 percent, while relying only on political discretion would increase the cost by 55 percent. The effect of political discretion is larger in the south, which received the largest share of funds and exhibited the highest cost-per-job under the actual allocation criteria.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/252077
    Series: CESifo working paper ; no. 9560 (2022)
    Subjects: public subsidies; investment; employment; political discretion; regression discontinuity
    Scope: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  5. Making subsidies work
    rules vs. discretion
    Author: Cingano, Federico; Palomba, Filippo; Pinotti, Paolo; Rettore, Enrico
    Published: March 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We estimate the employment effects of a large program of public investment subsidies that ranked applications on a score reflecting both objective criteria and local politicians' preferences. Leveraging the rationing of funds as an ideal RDD, we... more

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 4
    Inter-library loan:
    No inter-library loan

     

    We estimate the employment effects of a large program of public investment subsidies that ranked applications on a score reflecting both objective criteria and local politicians' preferences. Leveraging the rationing of funds as an ideal RDD, we characterize the heterogeneity of treatment effects and cost-per-new-job across inframarginal firms, and we estimate the cost effectiveness of subsidies under factual and counterfactual allocations. Firms ranking high on objective criteria and firms preferred by local politicians generated larger employment growth on average, but the latter did so at a higher cost-per-job. We estimate that relying only on objective criteria would reduce the cost-per-job by 11%, while relying only on political discretion would increase such cost by 47%.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/263388
    Series: Discussion paper series / IZA ; no. 15172
    Subjects: public subsidies; investment; employment; political discretion; regression discontinuity
    Scope: 1 Online-Ressource (circa 68 Seiten), Illustrationen
  6. Making subsidies work
    rules vs. discretion
    Author: Cingano, Federico; Pinotti, Paolo; Palomba, Filippo; Rettore, Enrico
    Published: [2022]
    Publisher:  Banca d'Italia Eurosistema, [Rom]

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    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 450
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Temi di discussione / Banca d'Italia ; number 1364 (March 2022)
    Subjects: public subsidies; investment; employment; political discretion; regression discontinuity
    Scope: 1 Online-Ressource (circa 65 Seiten), Illustrationen
  7. Cost-benefit analysis of an "average" professional sports team or stadium in the United States
    Author: Sepúlveda, Cristián
    Published: [2022]
    Publisher:  International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University, Atlanta, Georgia, United States of America

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 523
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / International Center for Public Policy ; 22, 10 (December 2022)
    Subjects: professional sport teams; public subsidies; economic impact
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  8. Securities trading by banks and credit supply
    micro-evidence from the crisis
    Author: Abbassi, Puriya; Iyer, Rajkamal; Peydró, José-Luis; Rodríguez Tous, Francesc
    Published: [2016]
    Publisher:  European Systemic Risk Board, Frankfurt am Main, Germany

    We analyze securities trading by banks during the crisis and the associated spillovers to the supply of credit. We use a proprietary dataset that has the investments of banks at the security level for 2005-2012 in conjunction with the credit register... more

    Location:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    Inter-library loan:
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 611
    Inter-library loan:
    No inter-library loan

     

    We analyze securities trading by banks during the crisis and the associated spillovers to the supply of credit. We use a proprietary dataset that has the investments of banks at the security level for 2005-2012 in conjunction with the credit register from Germany. We find that - during the crisis - banks with higher trading expertise (trading banks) increase their investments in securities, especially in those that had a larger price drop, with the strongest impact in low-rated and long-term securities. Moreover, trading banks reduce their credit supply, and the credit crunch is binding at the firm level. All of the effects are more pronounced for trading banks with higher capital levels. Finally, banks use central bank liquidity and government subsidies like public recapitalization and implicit guarantees mainly to support trading of securities. Overall, our results suggest an externality arising from fire sales in securities markets on credit supply via the trading behavior of banks.

     
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    Volltext (kostenfrei)
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789295081321
    Other identifier:
    hdl: 10419/193512
    Series: Working paper series / ESRB, European Systemic Risk Board, European System of Financial Supervision ; no 5 (March 2016)
    Subjects: negotiable instrument; banking policy; monetary crisis; bank; credit policy; property market; toxicology; banking; investments; bank capital; credit supply; risk-taking; public subsidies
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen