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dc.contributor.authorSchnellenbach, Janen_US
dc.contributor.authorBaskaran, Thushyanthanen_US
dc.contributor.authorFeld, Lars P.en_US
dc.description.abstractWe analyze the rise and decline of the steel and mining industries in the regions of Saarland, Lorraine und Luxemburg over a long period, from the mid-19th century to 2003. Our main focus in on the period of structural decline in these industries after the second world war. Differences in the institutional framework of these regions are exploited to analyze how the broader fiscal constitution sets incentives for governments to either obstruct or to encourage structural change in the private sector. Our main result is that fiscal autonomy of a region subjected to structural change in its private sector is associated with a relatively faster decline of employment in the sectors affected. Contrary to the political lore, fiscal transfers are not used to speed up the destruction of old sectors, but rather to stabilize incomes.en_US
dc.publisher|aMax-Planck-Inst. für Ökonomik |cJenaen_US
dc.relation.ispartofseries|aPapers on economics and evolution |x0908en_US
dc.subject.keywordstructural changeen_US
dc.subject.keywordscal federalismen_US
dc.subject.keywordgrants in aiden_US
dc.subject.keywordcreative destructionen_US
dc.titleCreative destruction and fiscal institutions: A long-run case study of three regionsen_US
dc.type|aWorking Paperen_US

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