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Entrepreneurial finance and the New Economy

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  • Charles W. Wessner

Abstract

It is widely believed that a substantial change has occurred in the structure of the US economy as a result of investments in IT which have resulted in a secular increase in productivity. Public policy has a key role in sustaining this 'new economy'. Both the venture capital and angel markets have limitations in financing the innovation system. Public programmes can play a role in the development of potential platform technologies that private investors do not fund because of their high risk.

Suggested Citation

  • Charles W. Wessner, 2002. "Entrepreneurial finance and the New Economy," Venture Capital, Taylor & Francis Journals, vol. 4(4), pages 349-355, October.
    • Handle: RePEc:taf:veecee:v:4:y:2002:i:4:p:349-355
    DOI: 10.1080/1369106022000024987
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    References listed on IDEAS

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    1. Stephen D. Oliner & Daniel E. Sichel, 2000. "The Resurgence of Growth in the Late 1990s: Is Information Technology the Story?," Journal of Economic Perspectives, American Economic Association, vol. 14(4), pages 3-22, Fall.
    2. Dale W. Jorgenson & Kevin J. Stiroh, 2000. "Raising the Speed Limit: U.S. Economic Growth in the Information Age," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 31(1), pages 125-236.
    3. Stephen D. Oliner & Daniel E. Sichel, 2000. "The resurgence of growth in the late 1990s: is information technology the story?," Proceedings, Federal Reserve Bank of San Francisco.
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    Cited by:

    1. Luís Farinha & João Ferreira & Borges Gouveia, 2016. "Networks of Innovation and Competitiveness: A Triple Helix Case Study," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 7(1), pages 259-275, March.
    2. Edelman, Linda F. & Manolova, Tatiana S. & Brush, Candida G., 2017. "Angel Investing: A Literature Review," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 13(4-5), pages 265-439, September.

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