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Venture Capital Availability and Labor Market Performance in Industrial Countries : Evidence Based on Survey Data


Reference:

Feldmann, H., 2010. Venture Capital Availability and Labor Market Performance in Industrial Countries : Evidence Based on Survey Data. Working Paper. Bath, U. K.: Department of Economics, University of Bath. (Bath Economics Research Papers; 01/10)

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    Official URL:

    http://www.bath.ac.uk/economics/research/working-papers

    Abstract

    This paper finds that more readily available venture capital is likely to have lowered unemployment rates and raised employment rates in industrial countries over the period 1982 to 2003. More readily available venture capital is also likely to have lowered the share of long-term unemployed in the total number of unemployed. The magnitude of the effects appears to have been substantial. To measure access to venture capital, we use answers from surveys of senior business executives. We also employ a large number of control variables. Our regression results are robust to variations in specification and sample size.

    Details

    Item Type Reports/Papers (Working Paper)
    CreatorsFeldmann, H.
    Uncontrolled Keywordsunemployment, employment, labor market, venture capital
    DepartmentsFaculty of Humanities & Social Sciences > Economics
    Research CentresBath Economics Research
    StatusUnpublished
    ID Code18104
    Additional InformationID number: 01/10

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