期刊名称：European Journal of Business and Social Sciences
印刷版ISSN：2235-767X
出版年度：2013
卷号：2
期号：7
页码：78-104
出版社：European Society of Business and Social Sciences
摘要：The primary focus of the first part of the paper is to demonstrate the empirical academic research on venture capital (VC) that examines the key determinants of venture capital industry evolution and development as well as the role of the venture capital investment plays in bringing about economic growth. We further investigate different countries' experience with respect to venture capital contribution to the economic development process. The second part of the paper provides evidence from Egypt on the factors that may have had a bearing on VC investments during the period (1980-2010). Using multiple linear regressions method (OLS model), we find positive and significant relation between VC (measured by patent) and GDP per capita, general government expenditure and labor participation rate. In addition, agricultural raw materials exports, and inflation have both proved to have a negative significant relation with VC. Finally, using the Granger Causality test we find the causality relation runs only from both GDP per capita and labor participation rate to VC.
关键词：Venture capital -Determinants- Egypt-;Regression model
