| dc.creator |
van Pottelsberghe de la Potterie, Bruno |
|
| dc.creator |
Romain, Astrid |
|
| dc.date |
2004 |
|
| dc.date.accessioned |
2013-10-16T07:05:13Z |
|
| dc.date.available |
2013-10-16T07:05:13Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/19485 |
|
| dc.identifier |
ppn:392676273 |
|
| dc.identifier |
RePEc:zbw:bubdp1:2163 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/19485 |
|
| dc.description |
This paper attempts to evaluate the macroeconomic impact of venture capital (VC). We test the assumption that VC is similar in several respects to business R&D performed by large firms and therefore contributes to economic growth through two main channels: innovation and absorptive capacity. The quantitative results, based on a panel of 16 OECD countries from 1990 to 2001, show that the social return of VC is significantly higher than the social return of business or public R&D. An increased VC intensity also makes it easier to absorb the knowledge generated by universities and firms. |
|
| dc.language |
eng |
|
| dc.relation |
Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,18 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
G24 |
|
| dc.subject |
D24 |
|
| dc.subject |
O32 |
|
| dc.subject |
O33 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
Venture Capital |
|
| dc.subject |
Productivity Growth |
|
| dc.subject |
Innovation |
|
| dc.subject |
Absorptive Capacity |
|
| dc.subject |
Risikokapital |
|
| dc.subject |
Kosten-Nutzen-Analyse |
|
| dc.subject |
Produktivität |
|
| dc.subject |
Innovationsdiffusion |
|
| dc.subject |
Makroökonomischer Einfluss |
|
| dc.subject |
Schätzung |
|
| dc.subject |
OECD-Staaten |
|
| dc.title |
The Economic Impact of Venture Capital |
|
| dc.type |
doc-type:workingPaper |
|
| dc.coverage |
1990-2001 |
|