Venture capital investment and labor market performance: a panel data analysis

Ansgar Belke, Rainer Fehn and Neil Foster-McGregor

No 50, Discussion Paper Series from Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy

Abstract: Labor market performance has differed considerably between OECD countries over the last two decades. The focus of the literature so far has been to ask whether these differences can be explained by varying degrees of labor market rigidities and generosity of welfare states. This paper takes a different perspective and analyzes whether differences in venture capital investments have explanatory power with respect to labor market performance across countries and over time. In particular, the Anglo-Saxon countries have been relatively successful over the last two decades in producing employment growth and in reducing unemployment compared to most continental European OECD countries. As a rule they have also been and are still ahead in developing thriving venture capital markets that are often deemed crucial for the creation of new firms and for successfully managing the ongoing radical structural change away from traditional industrial production toward the so-called new economy.

Keywords: labor markets; venture capital; unemployment; new economy; panel analysis (search for similar items in EconPapers)
JEL-codes: E22 E24 E44 G24 G32 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (1)

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https://www.econstor.eu/bitstream/10419/32499/1/340144955.pdf (application/pdf)

Related works:
Working Paper: Venture Capital Investment and Labor Market Performance: A Panel Data Analysis (2002)
Working Paper: Venture Capital Investment and Labor Market Performance: A Panel Data Analysis (2001)
Working Paper: Venture Capital Investment and Labor Market Performance: A Panel Data Analysis (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:wuewwb:50

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