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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/3132| Title: | Distribution dynamics in European venture capital |
| Keywords: | F21 G20 F43 ddc:330 Distribution dynamics , Markov chains , New technology-based firms , Venture capital Risikokapital Investition Unternehmensgründung Regionale Konzentration Internationale Arbeitsteilung Schätzung EU-Staaten |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | This paper evaluates the evolution of European venture capital investments since 1990, using the distribution dynamics methodology. It tests and rejects the hypothesis that the international allocation of venture capital investments is driven by a pathdependent process of agglomeration, in which a country?s initial advantage is transformed into a long-term lead. Instead, the evidence from a cross section of 13 European countries is more favourable for the alternative hypothesis, which explains international variations in venture capital investments as part of countries? different patterns of specialization. The robustness of these findings and implications for government policy are discussed. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/3132 |
| Other Identifiers: | Kiel working paper Institut für Weltwirtschaft, Kiel 1191 http://hdl.handle.net/10419/3132 ppn:378090496 ppn:378090496 |
| Appears in Collections: | EconStor |
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