The present work discusses possible methodological approaches for the assessment of employment effects of rural development measures. A special focus is on measures of the so called integrated rural development. Methods that are considered non-appropriate are considered nevertheless. Therefore,...

We want to isolate systematically differing small-scale agglomeration-patterns, which indicate different types of competition between localities. We apply a technique of indirect closure based on the differing observed relation between local business tax-rate and tax-revenue and use a mixed...

Local economic dynamics arise from different industry dynamics and relationships between industries. The paper proposes a regression-based counterfactual simulation approach with location-level industry data for the systematic empirical analysis of the resulting evolutionary regional...

Low investment rates are a puzzling phenomenon particularly in transition economies with an urgent need for modernisation. The literature offers two alternative explanations: imperfect capital markets and investment reluctance due to real options effects. In this paper, we develop a generalised...

This paper analyses the impact of a tradable production quota on firm entry and exit in the agricultural industry. We develop a dynamic stochastic equilibrium framework considering that a release of production capacity by exiting firms affects the investment options for entrants. Firms'...

Numerous studies have tried to provide a better understanding of firm-level investment behaviour using econometric models. The model specification of more recent studies has been based on two main approaches. The first, the real options approach, focuses on irreversibility and uncertainty in...