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Deutsche Bundesbank, Forschungszentrum, Frankfurt am Main >
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/19485
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | van Pottelsberghe de la Potterie, Bruno | | en_US |
| dc.contributor.author | | Romain, Astrid | | en_US |
| dc.coverage.temporal | | 1990-2001 | | en_US |
| dc.date.accessioned | | 2009-01-28T15:58:53Z | | - |
| dc.date.available | | 2009-01-28T15:58:53Z | | - |
| dc.date.issued | | 2004 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/19485 | | - |
| dc.description.abstract | | 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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.relation.ispartofseries | | Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,18 | | en_US |
| dc.subject.jel | | G24 | | en_US |
| dc.subject.jel | | D24 | | en_US |
| dc.subject.jel | | O32 | | en_US |
| dc.subject.jel | | O33 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Venture Capital | | en_US |
| dc.subject.keyword | | Productivity Growth | | en_US |
| dc.subject.keyword | | Innovation | | en_US |
| dc.subject.keyword | | Absorptive Capacity | | en_US |
| dc.subject.stw | | Risikokapital | | en_US |
| dc.subject.stw | | Kosten-Nutzen-Analyse | | en_US |
| dc.subject.stw | | Produktivität | | en_US |
| dc.subject.stw | | Innovationsdiffusion | | en_US |
| dc.subject.stw | | Makroökonomischer Einfluss | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | OECD-Staaten | | en_US |
| dc.title | | The Economic Impact of Venture Capital | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 392676273 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank
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