Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/32576
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dc.contributor.authorKösters, Sarahen_US
dc.date.accessioned2009-10-20en_US
dc.date.accessioned2010-05-20T14:33:50Z-
dc.date.available2010-05-20T14:33:50Z-
dc.date.issued2009en_US
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_US
dc.language.isoengen_US
dc.publisher|aUniv. [u.a.] |cJenaen_US
dc.relation.ispartofseries|aJena economic research papers |x2009,083en_US
dc.subject.jelL53en_US
dc.subject.jelO38en_US
dc.subject.jelH59en_US
dc.subject.ddc330en_US
dc.subject.keywordStart-upsen_US
dc.subject.keywordSubsidiesen_US
dc.subject.keywordSubsidy allocationen_US
dc.subject.keywordPolicy evaluationen_US
dc.subject.stwUnternehmensgründungen_US
dc.subject.stwSubventionen_US
dc.subject.stwWirtschaftsförderungen_US
dc.subject.stwWirkungsanalyseen_US
dc.subject.stwThüringenen_US
dc.titleSubsidizing start-ups: Policy targeting and policy effectivenessen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn610711180en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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