Showing 1 - 10 of 151
This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially inexperienced and can benefit from venture capital support. Only part of them succeed in matching with a venture capitalist while the rest must resort to standard bank finance. We consider...
Persistent link: https://www.econbiz.de/10011514147
This paper proposes a simple partial equilibrium model to investigate the effects of government policy on venture capital backed investments. Giving up an alternative career, entrepreneurs focus their effort on a single, high risk venture each. Venture capitalists acquire an equity stake and...
Persistent link: https://www.econbiz.de/10011398877
This paper surveys the various forms of market failure that can arise when innovating entrepreneurs consider entering an industry, and outlines possible implications for public policy. Externalities can arise from entrepreneurial activities such as spillover benefits from new innovations and...
Persistent link: https://www.econbiz.de/10011506218
New firm location decisions, relative to incumbents may be based on a choice between two types of advantages: natural … analyze the relative importance of geographically bounded location factors based on data from 103 manufacturing industries … vary in their pattern of new firm location. In East Germany, only 5 percent of the industries reveal start-up localization …
Persistent link: https://www.econbiz.de/10003803496
cost as the wage premium for moving to a culturally different location. We combine administrative social security panel …
Persistent link: https://www.econbiz.de/10010412765
Using a natural experiment from Germany, we show that temporary place-based subsidies generate persistent effects on economic density. We identify employment and capital formation as main channels for higher income per square kilometer. As the spatial regression discontinuity design allows us to...
Persistent link: https://www.econbiz.de/10010528973
We set up a model to characterize the reaction functions of governments competing for mobile capital by simultaneously setting both the business tax rate as well as the level of provision of a productive public input. Using a rich data set of local jurisdictions, we then test the predictions of...
Persistent link: https://www.econbiz.de/10003803572
We show, for the first time, a causal effect of local economic growth on infant mortality. We use geo-referenced data for non-migrating mothers from 46 developing countries and 128 DHS survey rounds and combine it with nighttime luminosity data at a granular level. Using mother fixed effects we...
Persistent link: https://www.econbiz.de/10012624852
nighttime light activity. The effects can be attributed to the stadiums but are not only visible close to the stadium's location …
Persistent link: https://www.econbiz.de/10014456170
Support for right-wing populist parties is characterised by considerable regional heterogeneity and especially concentrated in regions that have experienced economic decline. It remains unclear, however, whether the spatial externalities of local decline, including homelessness and crime, boost...
Persistent link: https://www.econbiz.de/10015061146