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The relationship between venture capital and growth is examined using an endogenous growth model incorporating dynamic contracts between entrepreneurs and venture capitalists. At each stage of financing, venture capitalists evaluate the viability of startups. If viable, venture capitalists...
Persistent link: https://www.econbiz.de/10011782639
The complexity of credit-money is conceived as the central issue in the banking-macro nexus, which the authors consider … consumption. The evolution of credit rules shapes economic networks between households, firms, banks, governments and central …
Persistent link: https://www.econbiz.de/10010199689
This paper examines the impacts of banking market structure and regulation on economic growth using new data on banking market concentration and manufacturing industry-level growth rates for U.S. states during 1899-1929 — a period when the manufacturing sector was expanding rapidly and...
Persistent link: https://www.econbiz.de/10013115288
Persistent link: https://www.econbiz.de/10011418072
The temporal interdependence between saving and output has been in focus in a number of recent empirical studies …. Results from these studies have compelled some authors to question the traditional notion of a causal chain where saving leads …. Saving and GDP are estimated in bivariate vector autoregressive or vector error-correction models for Sweden, UK, and USA …
Persistent link: https://www.econbiz.de/10011587110
This paper illustrates the usefulness of computational methods for the investigation of institutions. As an example, we use a computational agent-based model to study the role of general trust and social control in informal value transfer systems (ITVS). We find that, how and in which timeline...
Persistent link: https://www.econbiz.de/10011781163
Persistent link: https://www.econbiz.de/10011699729
and imports, and income and saving. These statistics are best known by summary measures such as gross domestic product … (GDP), corporate profits, personal income and spending, and personal saving. …
Persistent link: https://www.econbiz.de/10005857509
This study examines the economic impact of Small Business Administration (SBA) guaranteed lending activity on the 12 states comprising the Southeast region (Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West...
Persistent link: https://www.econbiz.de/10012946880
macroeconomic factors that influence credit risk in the peer-to-peer (P2P) lending market. By aggregating the United States (US …
Persistent link: https://www.econbiz.de/10013230437