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• Events // 09.10.2025

  Sixth International ZEW Conference on the Dynamics of Entrepreneurship (CoDE)

  as well as its challenges for public policies and its implications for employment, income and economic growth. We welcome theoretical, empirical and/or policy-oriented contributions on all areas [...] corporate and academic spin-offs Scientific research and entrepreneurship High growth and scale-ups Financing young firms: venture capital, business angels, crowdfunding and [...] workplace quality in entrepreneurial firms Impact and efficiency of public entrepreneurship policies
• Publications // 13.12.2024

  ZEW Discussion Paper - The Making of China and India in the 21st Century: Long-Run Human Capital Accumulation From 1900 to 2020

  emphasis on vocational education and engineering than India. We highlight the role of educational policies in shaping these trajectories. Our findings on differences in the human capital accumulation in [...] sector. India’s focus on humanities and accounting in tertiary education fueled service sector growth. Overall, our findings illustrate the importance of human capital composition in shaping long-run
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  News // 03.12.2024

  Addressing Shortfalls, Modernising Resolutely

  the reports’ findings at the most recent event of ZEW’s series “First-Hand Information on Economic Policy”. Following her speech, Monika Schnitzer and ZEW President Achim Wambach, PhD exchanged their views [...] views before an audience of some 200 guests. - According to the speakers, the continued lack of growth suggests that both cyclical and structural problems equally impact the German economy. Accordingly,
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  Press Releases // 07.11.2024

  Germany Needs a Government Capable of Acting as Soon as Possible

  The government set out to reconcile the transition to climate neutrality with economic growth and social policy in Europe – to achieve a socio-ecological market economy. It has not lived up to this aspiration [...] Europe and the Middle East as well as the adverse economic effects of tariffs and national subsidy policies. The election of Donald Trump has exacerbated the situation. Europe has to step up its action on [...] on security and will have to prepare for higher tariffs. There will also be pressure on climate policy as the US economy grows under Trump and emissions only slightly decrease, while Europe’s economy will
• Publications // 05.11.2024

  Discussion and Working Paper - Impact of the US Presidential Race on the German Economy: Insights from Professional Forecasters

  This policy brief analyses German professional forecasters’ views on the upcoming US presidential election in November 2024 and its impact on the German economy. Our analysis is based on recent data [...] events that may affect the election outcome. Next, we elicited scenario-based forecasts for German GDP growth and inflation over the upcoming president’s tenure, depending on whether Trump or Harris wins [...] now to protect the German economy from potential adverse effects of the next US president’s policies.
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  Press Releases // 06.11.2024

  Urgent Need to Strengthen Our Economic Competitiveness

  effort; fragmented defence policies are not up to today’s geopolitical challenges. Europe has committed to the Paris Climate Agreement and pursues ambitious climate policies. With Donald Trump, a climate [...] emissions remains to be seen, as he is dependent on Congress. However, support for Europe’s climate policies could wane if they are perceived to lead to job losses, especially if the US economy continues to [...] ensure that their climate efforts are as cost-effective and efficient as possible, stimulating green growth while avoiding social disruption.”
• Publications // 28.10.2024

  Refereed Journal - Infrastructure Required, Skills Needed: Digital Entrepreneurship in Rural and Urban Areas

  entrepreneurship, digital entrepreneurship demonstrates sustained growth rates throughout this time period, highlighting the policy importance of understanding the drivers of digital ventures’ location
• Publications // 28.10.2024

  Refereed Journal - How unemployment benefit duration shapes startup motivation and growth

  of new firms. Yet, most research has focused on analyzing the effects of unemployment insurance policies on re-employment outcomes, ignoring self-employment. In this paper, we analyze how the potential [...] insurance systems, affects whether new firms are founded out of opportunity or necessity and their growth potential. To this end, we construct a comprehensive dataset on German firm founders that links [...] consequence, more necessity entrepreneurship and worse startup outcomes in terms of sales and employment growth. We explain this overall effect of potential benefit duration through a mix of compositional and
• Publications // 28.10.2024

  Refereed Journal - Hiring Opportunities for New Firms and the Business Cycle

  firms founded during or outside economic crises have greater growth potential is an important question for both prospective entrepreneurs and policy makers. Existing research offers conflicting answers, and [...] that market entry during a crisis may facilitate hiring and that policies that promote entrepreneurship may usefully complement policies that encourage labor hoarding by incumbents during recessions. [...] hire its first employees when it was founded during the crisis. These firms achieved countercyclical growth by hiring career entrants. More specifically, hiring in very young (<1.5 years) and small to
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  Press Releases // 24.10.2024

  “It’s Time for the Public to Wake Up”

  What we need now is a responsible fiscal policy that reassesses the federal subsidy for pensions, including the pension formula, as well as the considerable growth in the federal administration’s workforce [...] Finance” at ZEW Mannheim and professor at Heidelberg University, has commented on this matter: - “Fiscal policy in Germany has rarely been as challenging as it is today. Following the shock of the Federal Court