Access Statistics for Benjamin Wache

Author contact details at EconPapers.

Working Paper File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
Information Frictions, Global Capital Markets, and the Telegraph 0 0 0 39 0 1 12 66
When venture capital (VC) investment flows into a local economy, does it yield economic activity beyond the receiving ventures? While a large literature studies the effect of VC investments on venture-level activity, its consequences for broader economic activity are less well understood. We study the effect of VC investment flows on destination county employment, wages, and venture creation, using a novel instrument based on the ‘social connectedness’ of counties to major non-local sources of VC investment. Using detailed data on investor-to-venture VC flows, we find substantial positive effects: using instrumental-variable estimates, each million dollars invested into a county yields approximately one new venture, 41 jobs, and seven million dollars in payroll. We also document positive spillovers across industries, particularly toward those supplying VC-backed ventures—thereby contributing to the resource munificence of the local economy and its entrepreneurial ecosystem 0 0 7 38 2 11 42 92
Wie groß ist der Einfluss von deutschen Wirtschaftsforschungsinstituten? Ein Ranking anhand von RePEc-Daten 0 0 1 76 1 5 22 264
Total Working Papers 0 0 8 153 3 17 76 422


Journal Article File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
When venture capital comes to town: Local ecosystem effects beyond funded ventures 2 2 2 2 3 7 7 7
Total Journal Articles 2 2 2 2 3 7 7 7


Statistics updated 2026-06-04