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Does venture capital investment spur employment growth?

Ansgar Belke, Rainer Fehn, Neil Foster

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.

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Year of publication:	April 2003
Authors:	Belke, Ansgar ; Fehn, Rainer ; Foster-McGregor, Neil
Publisher:	Munich : CESifo, Center for Economic Studies & Ifo Institute
Subject:	labor markets \| venture capital \| unemployment \| new economy \| panel data analysis \| Risikokapital \| Venture capital \| Beschäftigungseffekt \| Employment effect \| Schätzung \| Estimation \| OECD-Staaten \| OECD countries \| New Economy \| New economy \| Wirtschaftswachstum \| Beschäftigungsentwicklung \| 1986-1999

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Extent:	1 Online-Ressource (circa 39 Seiten) Illustrationen
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. no. 930
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/76328 [Handle]
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; E24 - Employment; Unemployment; Wages ; E44 - Financial Markets and the Macroeconomy ; G24 - Investment Banking; Venture Capital; Brokerage ; G32 - Financing Policy; Capital and Ownership Structure
Source:	ECONIS - Online Catalogue of the ZBW

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