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Die Auswirkungen öffentlicher Gründungsförderung auf das Überleben und Wachstum junger Unternehmen / The Impact of Public Start-up Promotion on Survival and Growth of New Firms

Author

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  • Almus Matthias

    (Zentrum für Europäische Wirtschaftsforschung GmbH (ZEW), Postfach 103443, D-68034 Mannheim)

  • Prantl Susanne

    (Universität Mannheim, D-68161 Mannheim)

Abstract

In this paper we examine causal effects of German public assistance programs for young firms administered by the Deutsche Ausgleichsbank (DtA). The empirical analysis is based on a comprehensive data set with information from the DtA data base that contains all assistance contracts between 1990 and 1999 and the ZEW Entrepreneurship Study built up at the Centre for European Economic Research (ZEW). We focus on medium-term programm effects on the survival chances and the employment growth of assisted firms. To estimate causal effects a nonparametric matching procedure is used to draw an adequate control group from the pool of all available non-assisted firms for comparison with the treatment group of assisted firms. The empirical analysis shows significant positive effects of public assistance on the survival chances and the employment growth of young German firms.

Suggested Citation

  • Almus Matthias & Prantl Susanne, 2002. "Die Auswirkungen öffentlicher Gründungsförderung auf das Überleben und Wachstum junger Unternehmen / The Impact of Public Start-up Promotion on Survival and Growth of New Firms," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 222(2), pages 161-185, April.
    • Handle: RePEc:jns:jbstat:v:222:y:2002:i:2:p:161-185
    DOI: 10.1515/jbnst-2002-0202
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    References listed on IDEAS

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    1. Almus, Matthias & Engel, Dirk & Prantl, Susanne, 2000. "The Mannheim Foundation Panels of the Centre for European Economic Research (ZEW)," ZEW Dokumentationen 00-02, ZEW - Leibniz Centre for European Economic Research.
    2. Almus, Matthias & Prantl, Susanne & Brüderl, Josef & Stahl, Konrad O. & Woywode, Michael, 2001. "Die ZEW-Gründerstudie: Konzeption und Erhebung," ZEW Dokumentationen 01-01, ZEW - Leibniz Centre for European Economic Research.
    3. Pfeiffer, Friedhelm & Reize, Frank, 2000. "Business start-ups by the unemployed -- an econometric analysis based on firm data," Labour Economics, Elsevier, vol. 7(5), pages 629-663, September.
    4. James Heckman & Hidehiko Ichimura & Jeffrey Smith & Petra Todd, 1998. "Characterizing Selection Bias Using Experimental Data," Econometrica, Econometric Society, vol. 66(5), pages 1017-1098, September.
    5. Brüderl Josef & Preisendörfer Peter & Ziegler Rolf, 1993. "Staatliche Gründungsfinanzierung und der Erfolg neugegründeter Betriebe/Effects of Public Programs Designed to Encourage and Assist Founders of New Businesses," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 212(1-2), pages 13-32, April.
    6. A. D. Roy, 1951. "Some Thoughts On The Distribution Of Earnings," Oxford Economic Papers, Oxford University Press, vol. 3(2), pages 135-146.
    7. James J. Heckman & Hidehiko Ichimura & Petra Todd, 1998. "Matching As An Econometric Evaluation Estimator," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 65(2), pages 261-294.
    8. Scott J. Wallsten, 2000. "The Effects of Government-Industry R&D Programs on Private R&D: The Case of the Small Business Innovation Research Program," RAND Journal of Economics, The RAND Corporation, vol. 31(1), pages 82-100, Spring.
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    Cited by:

    1. Girma, Sourafel & Görg, Holger & Strobl, Eric, 2003. "Government Grants, Plant Survival and Employment Growth: A Micro-Econometric Analysis," IZA Discussion Papers 838, Institute of Labor Economics (IZA).
    2. Czarnitzki, Dirk & Fier, Andreas, 2002. "Do Innovation Subsidies Crowd Out Private Investment? Evidence from the German Service Sector," ZEW Discussion Papers 02-04, ZEW - Leibniz Centre for European Economic Research.

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