scholarly journals New Evidence on Long-Term Effects of Start-Up Subsidies: Matching Estimates and Their Robustness

2019 ◽  
Author(s):  
Marco Caliendo ◽  
Stefan Tübbicke
TRIKONOMIKA ◽  
2020 ◽  

This paper investigates the factors that determine bank profitability in Indonesia particularly on state-owned banks during the 2007 to 2017. The research applied Vector Error Correction Model (VECM) to measure short-term and long-term effects of independent variable on dependent variable. The research data ini this paper is drawn from two main sources namely Bank Indonesia (BI) and Financial Services Authority (OJK) from 2007 to 2017. The findings showed that in the long term, BOPO, LDR, NPLs, economic growth, and exchange rates have positive relationship toward bank profitability while in the short term, inflation and BI rates do not have effect on bank profitability. However, in the short run, all variables mentioned do not have impact toward banking profitability. In addition, based on Impulse Response Function test, it showed that there are only two independent variables are able to provide a response in case of shock, namely inflation and the exchange rate toward bank’s profitability.


1996 ◽  
Vol 34 (1-2) ◽  
pp. 261-268
Author(s):  
O. Sinkjær ◽  
C. Thirsing ◽  
P. Harremoës ◽  
K. F. Jensen

Comprehensive pilot plant studies have been conducted over a period of six years in connection with the upgrading of the Lynetten Wastewater Treatment Plant to nutrient removal. The studies showed already at an early state that the nitrification process was inhibited. Short-term and long-term effects in connection with the running-in of the nitrogen removal processes, were investigated in two situations,- with and without inoculation with adapted sludge from a reference pilot plant. The floc formation, sludge accumulation and the establishment of full nitrification and denitrification developed in the same way in the two tests. The development of the nitrification capacity, however, differed to a significant extent. Compared with the nitrification capacity at the reference plant, the nitrification capacity in the test involving inoculation was reached approximately 2 month after the start-up as opposed to 7.5 months in the test without inoculation.


Author(s):  
Thomas Andersson

Whether the current strong performance displayed by the Gulf Cooperation Council (GCC) countries proves sustainable for the long term will cast new light on the extent to which natural resource abundance can be turned into a “blessing”, rather than a “curse”, and then the requirements for that. This chapter synthesizes new evidence on the conditions for innovation in these economies, including through examination of innovative performances at firm level, collected through the first Community Innovation Survey (CIS) carried out in the GCC countries. Whereas strengths are recorded in some respects, e.g., Information and Communication Technology (ICT), education and some conditions for start-up activity, challenges remain in others, including with regard to governance. The chapter ends with recommendations what further action is required to enable better conditions for innovation both in the natural resource sector itself, and broadly in the economy.


2020 ◽  
pp. 0193841X2092723
Author(s):  
Marco Caliendo ◽  
Stefan Tübbicke

Background: The literature on start-up subsidies (SUS) for the unemployed finds positive effects on objective outcome measures such as employment or income. However, little is known about effects on subjective well-being of participants. Knowledge about this is especially important because subsidizing the transition into self-employment may have unintended adverse effects on participants’ well-being due to its risky nature and lower social security protection, especially in the long run. Objective: We study the long-term effects of SUS on subjective outcome indicators of well-being, as measured by the participants’ satisfaction in different domains. This extends previous analyses of the current German SUS program (“Gründungszuschuss”) that focused on objective outcomes—such as employment and income—and allows us to make a more complete judgment about the overall effects of SUS at the individual level. Research design: Having access to linked administrative-survey data providing us with rich information on pretreatment characteristics, we base our analysis on the conditional independence assumption and use propensity score matching to estimate causal effects within the potential outcomes framework. We perform several sensitivity analyses to inspect the robustness of our findings. Results: We find long-term positive effects on job satisfaction but negative effects on individuals’ satisfaction with their social security situation. Supplementary findings suggest that the negative effect on satisfaction with social security may be driven by negative effects on unemployment and retirement insurance coverage. Our heterogeneity analysis reveals substantial variation in effects across gender, age groups, and skill levels. Estimates are highly robust.


2021 ◽  
Author(s):  
Nicole E. Keller ◽  
Augustin C. Hennings ◽  
Emily K. Leiker ◽  
Jarrod A. Lewis-Peacock ◽  
Joseph E. Dunsmoor

Neurobiological evidence in rodents indicates that threat extinction incorporates reward neurocircuitry. Consequently, incorporating reward associations with an extinction memory may be an effective strategy to persistently attenuate threat responses. Moreover, while there is considerable research on the short-term effects of extinction strategies in humans, the long-term effects of extinction are rarely considered. In a within-subjects fMRI study, we compared counterconditioning (a form of rewarded-extinction) to standard extinction, at recent (24 hours) and remote (~1 month) retrieval tests. Relative to standard extinction, counterconditioning diminished 24-hour relapse of arousal and threat expectancy, and reduced activity in brain regions associated with the appraisal and expression of threat (e.g., thalamus, insula, periaqueductal gray). The retrieval of reward-associated extinction memory was accompanied by functional connectivity between the amygdala and the ventral striatum, whereas the retrieval of standard-extinction memories was associated with connectivity between the amygdala and ventromedial prefrontal cortex (vmPFC). One-month later, the retrieval of both standard- and rewarded-extinction was associated with amygdala-vmPFC connectivity. However, only rewarded extinction created a stable memory trace in the vmPFC, identified through overlapping multivariate patterns of fMRI activity from extinction to 24-hour and 1-month retrieval. These findings provide new evidence that reward may generate a more stable and enduring memory trace of attenuated threat in humans.


2020 ◽  
Vol 135 ◽  
pp. 105350 ◽  
Author(s):  
Ji-peng Wang ◽  
Yong-di Liu ◽  
Fan-gang Meng ◽  
Wei Li

Sign in / Sign up

Export Citation Format

Share Document