Does Venture Capital Spur Economic Growth? Evidence from Israel
AbstractVenture capital cannot only promote technological innovation and the development of high-tech industries, but also makes contribution to economic growth. Having a good reputation as the "Silicon Valley in Middle East", Israel is one of the most successful countries in developing venture capital. It is worth studying the impact of Israeli venture capital on its economic growth. We take Israel as example to establish an economic growth model with venture capital, which is taken as an endogenous variable in this paper. The results show that venture capital plays a significant role in the country’s economic growth.
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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.
Volume (Year): (2013)
Issue (Month): 2 (June)
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venture capital; economic growth; Cobb-Douglas function; Israel;
Find related papers by JEL classification:
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- G2 - Financial Economics - - Financial Institutions and Services
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