ZEW Discussion Papers

Adaptation to climate change is becoming increasingly important in the political and scientific debate. The reason for this is that climate change impacts are visible already today and will intensify in the next…

In the period 2000-2008, more than one third of venture capital-backed companies worldwide received financing from venture capitalists that were not located in the same country as these companies. This paper…

Environmental innovations may contribute to both improving the environmental quality of products and increasing the resource efficiency of products and processes. In particular, energy and resource efficiency…

Since the early 1970s and the seminal papers of Fama (1965, 1970), the efficient market hypothesis and its validity for several asset markets have been the topic of an uncountable number of publications in…

Existing data sets on firm formations in Germany suffer from various shortcomings that prohibit sound analyses of new firms’ development over time. Therefore, the Centre for European Economic Research (ZEW), KfW…

More than one third of the total EU budget is spent on so-called Cohesion Policy via the structural funds. Its main purpose is to reduce disparities among EU regions and to promote economic growth and…

The impact of the EU Cohesion Policy has mainly been evaluated by analysing its growth effects. However, this perspective neglects that the EU support might affect other policy fields as well. There are at least…

This paper contributes to the literature of academic entrepreneurship by investigating the effect of a possible depreciation of academic knowledge after leaving the university. The possibility of a person's…

Industrial research and development (R&D) activities constitute an important driver of economic competitiveness. The impact of R&D on productivity at the firm level stems from the implementation of newly…