Results 1 - 2 of 2 for Federal Funds Rate [Author: Jeremy Greenwood]
Venture Capital: A Catalyst for Innovation and Growth - Review
This article studies the development of the venture capital (VC) industry in the United States and assesses how VC financing affects firm innovation and growth. The results highlight the essential role of VC financing for U.S. innovation and growth and suggest that VC development in other countries could promote their economic growth.
research.stlouisfed.org/.../review/2022/04/06/venture-capital-a-catalyst-for-innovation-and-growth
An Elementary Model of VC Financing and Growth - Review
This article uses an endogenous growth model to study how the improvements in financing for innovative start-ups brought by venture capital (VC) affect firm innovation and growth. Partial equilibrium results show how lending contracts change as financing efficiency improves, while general equilibrium results show that better screening and development of projects by VC investors leads to higher aggregate productivity growth.
research.stlouisfed.org/.../review/2023/01/06/an-elementary-model-of-vc-financing-and-growth
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