productive and active VC industry boosts innovation driven growth. …The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists …

importance is reviewed. Owing to the intangible nature of their investment, asymmetric-information and moral-hazard, these firms … policies to bring the cost of financing innovation more in line with the level that would prevail in the absence of market …

: supply of entrepreneurs due to career choice, entry of venture capital funds and search for investment opportunities … regard to the capital gains tax, innovation subsidy, public R\&D spending and other policy initiatives. …

: supply of entrepreneurs due to career choice, entry of venture capital funds and search for investment opportunities … regard to the capital gains tax, innovation subsidy, public R&D spending and other policy initiatives. …

The effects of public policy programs which aim at internalizing spill-overs due to successful innovation are analyzed … the first-best situation, whereas the success of guarantee programs, ex ante grants and some types of investment grants …

The effects of public policy programs which aim at internalizing spill-overs due to successful innovation are analyzed … the first-best situation, whereas the success of guarantee programs, ex ante grants and some types of investment grants …

This paper provides new evidence on the relationship between innovation, competition and distance to the technology … product innovations. Secondly, there is evidence that innovation and competition are more positively correlated at low levels … positively correlated with product innovation when a firm is more advanced than its main competitor. In other cases, this …

We claim that the stock market encourages business creation, innovation, and growth by allowing the recycling of …

innovation in advanced economies may not be appropriate for catching-up economies. …