|
EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Kieler Arbeitspapiere, IfW >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/3132
|
| | |
| Title: | | Distribution dynamics in European venture capital  |
| Authors: | | Stolpe, Michael |
| Issue Date: | | 2003 |
| Citation: | | [Series:] Kiel working paper [Editor:] Institut für Weltwirtschaft, Kiel [No.:] 1191 |
| Series/Report no.: | | Kieler Arbeitspapiere 1191 |
| Abstract: | | 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. |
| Subjects: | | Distribution dynamics , Markov chains , New technology-based firms , Venture capital |
| JEL: | | F21 G20 F43 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online Kieler Arbeitspapiere, IfW
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/3132
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|