Resource title

Venture Capital Investment and Labor Market Performance : New Empirical Evidence for OECD Countries

Resource image

image for OpenScout resource :: Venture Capital Investment and Labor Market Performance : New Empirical Evidence for OECD Countries

Resource description

Anglo-Saxon countries have been successful in the 1990s concerning labor market performance compared to the former role models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial markets with bank-based financial markets as in Germany and Japan being possibly inferior to stockmarket based financial markets in turbulent times and when approaching the economic frontier. A cleavage is related to venture capital markets which are flourishing on Anglo- Saxon but not on German type financial markets. Venture capital is crucial for financing structural change, new firms and innovations and therefore possibly also nowadays for employment growth.

Resource author

Ansgar Belke, Andreas Schaal

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/20746

Resource license

Adapt according to the presented license agreement and reference the original author.