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dc.contributor.authorBelke, Ansgaren_US
dc.contributor.authorFehn, Raineren_US
dc.date.accessioned2009-10-20en_US
dc.date.accessioned2010-05-20T13:47:18Z-
dc.date.available2010-05-20T13:47:18Z-
dc.date.issued2000en_US
dc.identifier.urihttp://hdl.handle.net/10419/32478-
dc.description.abstractThis paper analyzes whether differences in institutional structures on capital markets contribute to explaining why some OECD-countries, in particular the Anglo-Saxon countries, have been much more successful over the last two decades in producing employment growth and in reducing unemployment than most continental-European OECD-countries. It is argued that the often-blamed labor-market rigidities alone, while important, do not provide a satisfactory explanation for these differences across countries and over time. Financial constraints are potentially important obstacles against creating new firms and jobs and thus against coping well with structural change and against moving successfully toward the “new economy”. Highly developed venture capital markets should help to alleviate such financial constraints. This view that labor-market institutions should be supplemented by capitalmarket imperfections for explaining differences in employment performances is supported by our panel data analysis, in which venture capital turns out to be a significant institutional variable.en_US
dc.language.isoengen_US
dc.publisherBayerische Julius-Maximilians-Univ., Wirtschaftswiss. Fak. Würzburgen_US
dc.relation.ispartofseriesWirtschaftswissenschaftliche Beiträge des Lehrstuhls für Volkswirtschaftslehre, Wirtschaftsordnung und Sozialpolitik, Universität Würzburg 40en_US
dc.subject.jelE24en_US
dc.subject.jelG24en_US
dc.subject.ddc330en_US
dc.subject.keywordlabor marketsen_US
dc.subject.keywordunemploymenten_US
dc.subject.keywordnew economyen_US
dc.subject.keywordpanel analysisen_US
dc.subject.keywordventure capitalen_US
dc.subject.stwStrukturelle Arbeitslosigkeiten_US
dc.subject.stwFinanzmarkten_US
dc.subject.stwUnvollkommener Markten_US
dc.subject.stwLohnrigiditäten_US
dc.subject.stwArbeitsmarktflexibilisierungen_US
dc.subject.stwRisikokapitalen_US
dc.subject.stwBeschäftigungseffekten_US
dc.subject.stwSchätzungen_US
dc.subject.stwTheorieen_US
dc.subject.stwOECD-Staatenen_US
dc.titleInstitutions and structural unemployment: do capital-market imperfections matter?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn322189276en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:wuewwb:40-
Appears in Collections:Wirtschaftswissenschaftliche Beiträge, Lst. f. VWL, insb. Wirtschaftsordnung u. Sozialpolitik, Universität Würzburg

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