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Distribution dynamics in European venture capital

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dc.creator Stolpe, Michael
dc.date 2003
dc.date.accessioned 2013-10-16T06:18:01Z
dc.date.available 2013-10-16T06:18:01Z
dc.date.issued 2013-10-16
dc.identifier Kiel working paper Institut für Weltwirtschaft, Kiel 1191
dc.identifier http://hdl.handle.net/10419/3132
dc.identifier ppn:378090496
dc.identifier ppn:378090496
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/3132
dc.description 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.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1191
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F21
dc.subject G20
dc.subject F43
dc.subject ddc:330
dc.subject Distribution dynamics , Markov chains , New technology-based firms , Venture capital
dc.subject Risikokapital
dc.subject Investition
dc.subject Unternehmensgründung
dc.subject Regionale Konzentration
dc.subject Internationale Arbeitsteilung
dc.subject Schätzung
dc.subject EU-Staaten
dc.title Distribution dynamics in European venture capital
dc.type doc-type:workingPaper

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