Does Venture Capital Investment Spur Employment Growth?

Ansgar Belke, Rainer Fehn and Neil Foster-McGregor

No 930, CESifo Working Paper Series from CESifo

Abstract: Anglo-Saxon countries have been successful in the 1990s concerning labor market performance compared to the former role models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial markets with bank-based financial markets as in Germany and Japan being possibly inferior to stockmarket based financial markets in turbulent times and when approaching the economic frontier. A cleavage is related to venture capital markets which are flourishing on Anglo-Saxon but not on German type financial markets. Venture capital is crucial for financing structural change, new firms and innovations and therefore possibly also nowadays for employment growth.

Keywords: labor markets; venture capital; unemployment; new economy; panel data analysis (search for similar items in EconPapers)
Date: 2003
New Economics Papers: this item is included in nep-cfn and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (36)

Downloads: (external link)
https://www.cesifo.org/DocDL/cesifo_wp930.pdf (application/pdf)

Related works:
Working Paper: Does Venture Capital Investment Spur Employment Growth? (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_930

Access Statistics for this paper

More papers in CESifo Working Paper Series from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().