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

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  • Horst Feldmann

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. Copyright © 2010 Blackwell Publishing Ltd.

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  • Horst Feldmann, 2010. "Venture Capital Availability and Labor Market Performance in Industrial Countries: Evidence Based on Survey Data," Kyklos, Wiley Blackwell, vol. 63(1), pages 23-54, February.
  • Handle: RePEc:bla:kyklos:v:63:y:2010:i:1:p:23-54
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    Cited by:

    1. Scheuplein, Christoph & Kahl, Julian, 2017. "Do Company Builders Create Jobs? Examining the Rise of Incubation Finance in Germany," MPRA Paper 82733, University Library of Munich, Germany.
    2. Arnd Kölling, 2015. "Does Public Funding Work? A Causal Analysis of the Effects of Economic Promotion with Establishment Panel Data," Kyklos, Wiley Blackwell, vol. 68(3), pages 385-411, August.

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