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Lehrstuhl für Volkswirtschaftslehre, Wirtschaftsordnung und Sozialpolitik, Universität Würzburg >
Wirtschaftswissenschaftliche Beiträge, Lst. f. VWL, insb. Wirtschaftsordnung u. Sozialpolitik, Universität Würzburg >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/32499
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| Title: | | Venture capital investment and labor market performance: a panel data analysis  |
| Authors: | | Belke, Ansgar Fehn, Rainer Foster, Neil |
| Issue Date: | | 2001 |
| Series/Report no.: | | Wirtschaftswissenschaftliche Beiträge des Lehrstuhls für Volkswirtschaftslehre, Wirtschaftsordnung und Sozialpolitik, Universität Würzburg 50 |
| Abstract: | | Labor market performance has differed considerably between OECD countries over the last two decades. The focus of the literature so far has been to ask whether these differences can be explained by varying degrees of labor market rigidities and generosity of welfare states. This paper takes a different perspective and analyzes whether differences in venture capital investments have explanatory power with respect to labor market performance across countries and over time. In particular, the Anglo-Saxon countries have been relatively successful over the last two decades in producing employment growth and in reducing unemployment compared to most continental European OECD countries. As a rule they have also been and are still ahead in developing thriving venture capital markets that are often deemed crucial for the creation of new firms and for successfully managing the ongoing radical structural change away from traditional industrial production toward the so-called new economy. |
| Subjects: | | labor markets venture capital unemployment new economy panel analysis |
| JEL: | | E22 E24 E44 G24 G32 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Wirtschaftswissenschaftliche Beiträge, Lst. f. VWL, insb. Wirtschaftsordnung u. Sozialpolitik, Universität Würzburg
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