Andreas Stephan
ESMT Visiting Faculty
Andreas Stephan is professor of Economics at the Jönköping International Business School. He studied industrial engineering and business administration at the Berlin University of Technology and received his PhD in Economics at the Humboldt University Berlin. He previously held positions at the Social Science Research Center Berlin (WZB), at the German Institute for Economic Research (DIW) in Berlin and as a junior professor at the European University Viadrina in Frankfurt/Oder.
Andreas Stephan’s main research fields are innovation, firm performance, corporate finance, infrastructure, productivity and efficiency analysis. His teaching spectrum encompasses courses in statistics, microeconometrics, efficiency analysis, structural equation modeling, industrial organization and European competition policy.
He has conducted various consultancy projects for German ministries and government agencies. Additionally, he received research grants from the German Science Foundation (DFG), the Anglo-German Foundation and the European Investment Bank.
Selected Publications
- The Effects of Uncertainty on the Leverage of Non-Financial Firms (with Christopher Baum and Oleksandr Talavera), Economic Inquiry, Forthcoming.
- Regional Disparities in the European Union: Convergence and Agglomeration (with Kurt Geppert), Papers in Regional Science, Forthcoming.
- On Estimating an Asset’s Implicit Beta (with Sven Husmann), Journal of Futures Markets,
Forthcoming. - A Schumpeter-inspired Approach to the Construction of R&D Capital Stocks (with Jürgen Bitzer), Applied Economics 39, 2007, pp. 179-189.
- Contribution to Productivity or Pork Barrel? The Two Faces of Infrastructure Investment (with Olivier Cadot and Lars-Hendrik Röller), Journal of Public Economics 90, 2006, pp. 1133-1153.
- Do Eurozone Countries Cheat with their Budget Deficit Forecasts? (with Tilman Brück), Kyklos 59, 2006, pp. 17-29.
- Regionalization of Innovation Policy: Introduction, Research Policy 34, Special Issue, Guest Editors: Michael Fritsch and Andreas Stephan, 2005, pp. 1123-1127.
- The Contribution of Local Public Infrastructure to Private Productivity and its Political-Economy: Evidence from a Panel of Large German Cities, (with Achim Kemmerling), Public Choice 113, 2002, pp. 403-424.

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