Cross-Regional Venture Capital Flows in Europe

Pierfederico Asdrubali and Giuseppina Testa
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Pierfederico Asdrubali: European Commission

No WP2025/46, Single Market Economics Papers from Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (European Commission), Chief Economist Team

Abstract: Using a newly constructed dataset, this paper investigates the determinants of cross-regional venture capital (VC) flows within Europe through a structural gravity model

Keywords: venture capital; cross-regional investment; structural gravity model, PPML, European regions, fixed effects (search for similar items in EconPapers)
JEL-codes: C23 G24 L26 O33 R11 R12 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2025-07
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Persistent link: https://EconPapers.repec.org/RePEc:bda:wpsmep:wp2025/46

DOI: 10.2873/2085826

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