| アイテムタイプ |
デフォルトアイテムタイプ（フル）その２(1) |
| 公開日 |
2017-05-20 |
| タイトル |
|
|
タイトル |
The Economic Impact of Venture Capital |
|
言語 |
en |
| 作成者 |
Romain, Astrid
Pottelsberghe de la Potterie, Bruno van
| en |
Pottelsberghe de la Potterie, Bruno van
|
| fr |
Universite Libre de Bruxelles
|
Search repository
|
| 寄与者 |
|
|
寄与者タイプ |
Editor |
|
|
姓名 |
Institute of Innovation Research, Hitotsubashi University |
|
|
言語 |
en |
| アクセス権 |
|
|
アクセス権 |
open access |
|
アクセス権URI |
http://purl.org/coar/access_right/c_abf2 |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
Venture Capital |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
Innovation |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
Productivity Growth |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
Absorptive Capability |
| 内容記述 |
|
|
内容記述タイプ |
Abstract |
|
内容記述 |
The objective of this paper is to perform a first evaluation of the macroeconomic impact of venture capital (VC). The main assumption is that VC can be considered as being similar to business R&D performed by large firms. It can therefore contribute to economic growth through two main channels. The first one is innovation, characterized by the introduction of new products, processes or services on the market that directly contribute to improve economic performances. The second one is the development of an absorptive capability. These hypotheses are tested quantitatively with a production function model. The estimates are run over a panel data set of 16 OECD countries from 1990 to 1998. The results show that the accumulation of VC is a significant factor contributing directly to Multi-Factor Productivity (MFP) growth. The social rate of return to VC is twice as high as the social rate of return to business or public R&D. VC has also an indirect impact on MFP in the sense that it improves the output elasticity of R&D. An increased VC intensity makes it easier to absorb the knowledge generated by the universities and firms, and therefore improves aggregate economic performance. |
|
言語 |
en |
| 出版者 |
|
|
出版者 |
Institute of Innovation Research, Hitotsubashi University |
| 日付 |
|
|
日付 |
2003-09 |
|
日付タイプ |
Issued |
| 言語 |
|
|
言語 |
eng |
| 資源タイプ |
|
|
資源タイプ識別子 |
http://purl.org/coar/resource_type/c_18gh |
|
資源タイプ |
technical report |
| 出版タイプ |
|
|
出版タイプ |
VoR |
|
出版タイプResource |
http://purl.org/coar/version/c_970fb48d4fbd8a85 |
| 関連情報 |
|
|
関連タイプ |
isPartOf |
|
|
関連名称 |
IIR Working Paper ; No. 03-20 |
| ページ数 |
|
|
ページ数 |
18 |
| JEL |
|
|
値 |
M13 |
| JEL |
|
|
値 |
G24 |
| JEL |
|
|
値 |
D24 |
070iirWP03-20.pdf (309776 bytes)
