This paper attempts to identify and evaluate the main determinants of venture capital (VC). We develop a theoretical model where macroeconomic conditions, technological opportunity, and the entrepreneurial environment affect the demand and supply of VC. The quantitative results, based on a panel...

This paper attempts to evaluate the macroeconomic impact of venture capital (VC). We test the assumption that VC is similar in several respects to business R&D performed by large firms and therefore contributes to economic growth through two main channels: innovation and absorptive capacity. The...

The objective of this paper is to identify the main determinants of venture capital (VC). We develop a theoretical model where three main types of factors affect the demand and supply of VC. These factors are related to macroeconomic conditions, research efforts and technological opportunity,...

This paper details a survey methodology on technology-based small firms (TBSF) in Belgium. The survey's objective is to better understand the factors underlying the creation and development of firms with high growth potentials. In this respect it focuses on the socio-economic factors associated...

The objective of this paper is to perform a first evaluation of the macroeconomic impact of venture capital (VC). The main assumption is that VC can be considered as being similar to business R&D performed by large firms. It can therefore contribute to economic growth through two main channels....

The ‘entrepreneurial university’ has become commonplace in debates about new ways of knowledge production and the changing relationships between university, industry and government. A rich literature has developed exploring outputs of such activity, most notably ‘patenting’,...

This paper describes a new patent-based indicator of inventive activity. The indicator is based on counting all the priority patent applications filed by a country’s inventors, regardless of the patent office in which the application is filed, and can therefore be considered as a complete...

This research note evaluates the extent to which national industrial structure affects country rankings based on aggregate R&D intensity. The econometric analysis performed on a cross-country cross-industry panel dataset (21 industrial sectors, 18 countries, and 5 years) suggests that accounting...

" This paper provides an in-depth and critical analysis of the current Belgian fiscal regime towaRrdbusiness research and development (R&D) expenditures. The paper clearly shows that what matters is the way a policy decision is implemented. In this respect the current R&D tax credit scheme is...

This paper aims to clarify three issues concerning the weighting methodol ogy generally used to evaluate interindustry R&D spillovers. These issues concern the likely nature of the spillovers estimated through different types of supporting matrices; the similarity between input-output (IO),...