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Heblich, Stephan - 2015

We exploit employment data from 10,528 parishes across nineteenth century England and Wales and find that a one standard deviation increase in finance employment increases the annualized growth rate of secondary labour by 0.8 percentage points. An endogenous growth model with finance and...

Persistent link: https://www.econbiz.de/10013014356

Subsidizing National Champions : An Evolutionary Perspective

Aubert, Cecile - 2008

A national-champions-related industrial policy has become (again) en vogue among European politicians. Against this background, our work orders different types of national champions along the industry lifecycle. Different types of locally bound externalities appear along the lifecycle. In a...

Persistent link: https://www.econbiz.de/10012770493

It's All in Marshall : The Impact of External Economies on Regional Dynamics

Audretsch, David B. - 2015

Marshall's student Pigou noted: quot;It's all in Marshall.quot; From a static point of view, this seems rather bold in a constantly changing world. However, this statement becomes more plausible in a dynamic context, where principles are subject to change. Indeed, over time, Marshall's concept...

Persistent link: https://www.econbiz.de/10012750329

The Impact of Public Employment : Evidence from Bonn

Becker, Sascha O. - 2018

This paper evaluates the impact of public employment on private sector activity using the relocation of the German federal government from Berlin to Bonn in the wake of the Second World War as a source of exogenous variation. To guide our empirical analysis, we develop a simple economic...

Persistent link: https://www.econbiz.de/10012925280

Instrumental Variables and Causal Mechanisms : Unpacking the Effect of Trade on Workers and Voters

Dippel, Christian - 2018

This paper shows that import exposure affects voting behavior because it affects local labor markets. We develop a new framework for mediation analysis where one instrumental variable is sufficient to identify three causal effects. Using German data from 1987–2009, we find that import exposure...

Persistent link: https://www.econbiz.de/10012927102

The Impact of Continuous Training on a Firm’s Innovations

Bauernschuster, Stefan; Falck, Oliver; Heblich, Stephan - CESifo - 2008

Keeping up with rapid technological change necessitates constant innovation. Successful innovation depends on both … implement them. Both of these knowledge-based elements of innovation can be attained through moderate labor force turnover in … innovation within a multivariate regression framework. However, when instrumenting training by the existence of a union …

Persistent link: https://www.econbiz.de/10005405807

Demography and Innovative Entrepreneurship

Bönte, Werner; Falck, Oliver; Heblich, Stephan - CESifo - 2007

Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual’s decision to start a business is determined by his...

Persistent link: https://www.econbiz.de/10005094224

The Extension of Clusters : Difference-in-Differences Evidence from the Bavarian State-Wide Cluster Policy

Falck, Oliver; Heblich, Stephan; Kipar, Stefan - 2021

Bavarian State Government. The purpose of the initiative was to create a Bavarian-wide innovation network in support of state … the likelihood of innovation by a firm in the targeted industry by 4 to 7 percentage points. However, this effect is …

Persistent link: https://www.econbiz.de/10013316445

The Impact of Continuous Training on a Firm's Innovations

Bauernschuster, Stefan; Falck, Oliver; Heblich, Stephan - 2021

Persistent link: https://www.econbiz.de/10013316553