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dc.contributor.authorKösters, Sarahen
dc.date.accessioned2009-10-20-
dc.date.accessioned2010-05-20T14:33:50Z-
dc.date.available2010-05-20T14:33:50Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/32576-
dc.description.abstractStart-up subsidies are a frequently employed policy instrument, the use of which is justified by alleged market failure resulting from positive external effects and capital market imperfections. This article investigates whether the allocation of subsidies reflects a policy focus on addressing these market failure occurrences. However, using survey data from the East German state of Thuringia, logistic regressions reveal a rather random subsidization of start-ups. Furthermore, propensity score matching suggests that subsidized start-ups would have survived and thrived in any case, an indication of deadweight losses of start-up subsidies. The analysis points to serious information problems arising when subsidies should be allocated to remedy market failure. Making the situation even more problematic is that failure to precisely target start-up subsidies is likely to result in market distortions and ineffectiveness.en
dc.language.isoengen
dc.publisher|aFriedrich Schiller University Jena and Max Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aJena Economic Research Papers |x2009,083en
dc.subject.jelL53en
dc.subject.jelO38en
dc.subject.jelH59en
dc.subject.ddc330en
dc.subject.keywordStart-upsen
dc.subject.keywordSubsidiesen
dc.subject.keywordSubsidy allocationen
dc.subject.keywordPolicy evaluationen
dc.subject.stwUnternehmensgründungen
dc.subject.stwSubventionen
dc.subject.stwWirtschaftsförderungen
dc.subject.stwWirkungsanalyseen
dc.subject.stwThüringenen
dc.titleSubsidizing start-ups: Policy targeting and policy effectiveness-
dc.typeWorking Paperen
dc.identifier.ppn610711180en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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