@misc{HerrmannKritikos2013,
  author    = {Herrmann, Benedikt and Kritikos, Alexander},
  title     = {Growing out of the crisis},
  series = {Postprints der Universit{\"a}t Potsdam : Mathematisch-Naturwissenschaftliche Reihe},
  journal   = {Postprints der Universit{\"a}t Potsdam : Mathematisch-Naturwissenschaftliche Reihe},
  number    = {896},
  issn      = {1866-8372},
  doi       = {10.25932/publishup-43480},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-434805},
  pages     = {25},
  year      = {2013},
  abstract  = {Greece's currently planned institutional reforms will help to get the country going with limited economic growth. With an economy based primarily on tourism, trade, and agriculture, Greece lacks an established competitive industry and an innovation-friendly environment, resulting in a low export ratio given the small size of the country and its long-time EU-membership. Instead, Greece exports only its nation's talent, with low returns. To become prosperous, the country must better capitalize on its Eurozone membership and add innovative sectors to its economic structure. Given Greece's hidden assets, such as the attractiveness of the country, a small number of strong research centers and an impressive diaspora in research, finance and business, we envision a Greek "Silicon Valley" and propose a ten point policy plan to achieve that goal.},
  language  = {en}
}
@techreport{AmorosoHerrmannKritikos2023,
  type      = {Working Paper},
  author    = {Amoroso, Sara and Herrmann, Benedikt and Kritikos, Alexander},
  title     = {The Role of Regulation and Regional Government Quality for High Growth Firms},
  series = {CEPA Discussion Papers},
  journal   = {CEPA Discussion Papers},
  number    = {71},
  issn      = {2628-653X},
  doi       = {10.25932/publishup-61277},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-612771},
  pages     = {32},
  year      = {2023},
  abstract  = {High growth firms (HGFs) are important for job creation and considered to be precursors of economic growth. We investigate how formal institutions, like product- and labor-market regulations, as well as the quality of regional governments that implement these regulations, affect HGF development across European regions. Using data from Eurostat, OECD, WEF, and Gothenburg University, we show that both regulatory stringency and the quality of the regional government influence the regional shares of HGFs. More importantly, we find that the effect of labor- and product-market regulations ultimately depends on the quality of regional governments: in regions with high quality of government, the share of HGFs is neither affected by the level of product market regulation, nor by more or less flexibility in hiring and firing practices. Our findings contribute to the debate on the effects of regulations by showing that regulations are not, per se, "good, bad, and ugly", rather their impact depends on the efficiency of regional governments. Our paper offers important building blocks to develop tailored policy measures that may influence the development of HGFs in a region.},
  language  = {en}
}