Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/304380 
Year of Publication: 
2024
Series/Report no.: 
IWH Discussion Papers No. 6/2023
Version Description: 
This version: 21.10.2024
Publisher: 
Halle Institute for Economic Research (IWH), Halle (Saale)
Abstract: 
This study estimates the firm-level employment effects of investment grants in Germany. In addition to the average treatment effect on the treated, we examine discrimination in the funding rules as potential source of effect heterogeneity. We combine a staggered difference-in-differences approach that explicitly models variations in treatment timing with a matching procedure at the cohort level. The findings reveal a positive effect of investment grants on employment development in the full sample. The subsample analysis yields strong evidence for heterogeneous effects based on firm characteristics and the economic environment. This can help to improve the future design of the program.
Subjects: 
causal inference
heterogeneous effects
place-based policy
staggered difference-in-differences
variation in treatment timing
JEL: 
A11
D61
H20
Z0
Document Type: 
Working Paper

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