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00:01 | For Study Applicants | 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
In case of any question, please do not hesitate to contact us at
or see the FAQ sections for Master´s or Phd program.
10:00 | Room 6 | Job Talk Seminar
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
