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00:00 | Pro uchazeče o studium | ONLINE
Since December 1st till March 31 you can apply to our programs:
Master in Economic Research and PhD in Economics
Entry requirements are:
- BA / MA degree or equivalent
- Proficiency in spoken and written English
- Solid background in mathematics
- Previous education in economics is recommended
Your online application must content following documents:
- Curriculum vitae
- Statement of motivation
- Copies of your diplomas and transcripts
- Proof of English proficiency level
- Contact details for two (or max. three) referees (optional for MA applicants)
For more information please see sections: How to apply to MER or How to apply to PhD
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or see the FAQ sections for Master´s or Phd program.
10:00 | Místnost 6 | Job Talk semináře
Heinrich Heine University Düsseldorf, Germany
Abstract: Industrial policy is on the rise. However, empirical evidence of how industrial policy shapes technological progress and productivity remains scarce. This paper examines a policy that aimed at boosting industry-wide productivity by subsidizing plant closures in the declining German coal mining industry. Based on newly digitized, mine-level production data, my findings indicate that the policy increased long-run productivity in three distinct ways: First, it facilitated the exit of low-productivity mines. Second, it triggered reallocation towards large, productive mines, especially in firms where the subsidy alleviated financial constraints. Third, firms invested parts of the policy-induced subsidies into machinery and infrastructure of surviving mines. The resulting within-mine productivity gains extended mines’ lifespan by six years. In total, the associated reduction in marginal cost exceeded the government subsidies.
Full Text: Industrial Policy in Declining Industries: Evidence from German Coal Mines
