Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/280283 
Year of Publication: 
2023
Series/Report no.: 
IWH Discussion Papers No. 6/2023
Version Description: 
This version: 06.12.2023
Publisher: 
Halle Institute for Economic Research (IWH), Halle (Saale)
Abstract: 
This study estimates the establishment-level employment effects of investment grants in Germany. In addition to the average treatment effect for the treated, we focus on discrimination in the funding rules as potential source of effect heterogeneity. We combine the difference-in-differences approach of Callaway and Sant'Anna (2021) that explicitly models variation in treatment timing with a ties matching at the cohort level. We observe a positive effect of investment grants on employment development in the full sample. The subsample analysis yields strong evidence for effect heterogeneity due to firm characteristics and the economic environment.
Subjects: 
causal inference
heterogeneous effects
place-based policy
staggered adoption design
variation in treatment timing
JEL: 
A11
D61
H20
Z0
Document Type: 
Working Paper

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