Publication
Dec 2003
This paper discusses the evolution of European venture capital investments between 1990 and 2003. The author rejects the hypothesis that the international allocation of venture capital investments is driven by a path-dependent process of agglomeration in which a country's initial advantages are transformed into a long-term lead. In contrast to this, he finds evidence for the alternative hypothesis that explains international variations in venture capital investments as part of countries' different patterns of specialization.
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English (PDF, 50 pages, 1.0 MB) |
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Author | Michael Stolpe |
Series | Kiel Institute Working Papers |
Issue | 1191 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2003 Kiel Institute for the World Economy |