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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19485| Title: | The Economic Impact of Venture Capital |
| Keywords: | G24 D24 O32 O33 ddc:330 Venture Capital Productivity Growth Innovation Absorptive Capacity Risikokapital Kosten-Nutzen-Analyse Produktivität Innovationsdiffusion Makroökonomischer Einfluss Schätzung OECD-Staaten |
| Issue Date: | 16-Oct-2013 |
| Description: | 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19485 |
| Other Identifiers: | http://hdl.handle.net/10419/19485 ppn:392676273 RePEc:zbw:bubdp1:2163 |
| Appears in Collections: | EconStor |
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