Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/32478 
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dc.contributor.authorBelke, Ansgaren
dc.contributor.authorFehn, Raineren
dc.date.accessioned2009-10-20-
dc.date.accessioned2010-05-20T13:47:18Z-
dc.date.available2010-05-20T13:47:18Z-
dc.date.issued2000-
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
dc.language.isoengen
dc.publisher|aBayerische Julius-Maximilians-Universität Würzburg, Lehrstuhl für Volkswirtschaftslehre, Wirtschaftsordnung und Sozialpolitik |cWürzburgen
dc.relation.ispartofseries|aWirtschaftswissenschaftliche Beiträge |x40en
dc.subject.jelE24en
dc.subject.jelG24en
dc.subject.ddc330en
dc.subject.keywordlabor marketsen
dc.subject.keywordunemploymenten
dc.subject.keywordnew economyen
dc.subject.keywordpanel analysisen
dc.subject.keywordventure capitalen
dc.subject.stwStrukturelle Arbeitslosigkeiten
dc.subject.stwFinanzmarkten
dc.subject.stwUnvollkommener Markten
dc.subject.stwLohnrigiditäten
dc.subject.stwArbeitsmarktflexibilisierungen
dc.subject.stwRisikokapitalen
dc.subject.stwBeschäftigungseffekten
dc.subject.stwSchätzungen
dc.subject.stwTheorieen
dc.subject.stwOECD-Staatenen
dc.titleInstitutions and structural unemployment: do capital-market imperfections matter?-
dc.typeWorking Paperen
dc.identifier.ppn820658677en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:wuewwb:40en

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