Venture capital investment and labor market performance
Subtitle: new empirical evidence for OECD countries
By: by Ansgar Belke, Andreas Schaal.
Contributors: Schaal, Andreas.
Series: Discussion paper ;; no. 1447; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1447
Publisher: IZA
Published: 2004
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Venture capital -- OECD countries.
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 stock-market 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"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 4/12/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.