Private equity and growth

We study private equity in a dynamic general equilibrium model and ask two questions: (i) Why does the investment of venture funds respond more strongly to the business cycle than that of buyout funds? (ii) Why are venture fund returns higher than those of buyout? On (i), venture brings in new capit...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Journal of economic growth (Boston, Mass.) Mass.), 2022-09, Vol.27 (3), p.315-363
Hauptverfasser:	Jovanovic, Boyan, Ma, Sai, Rousseau, Peter L.
Format:	Artikel
Sprache:	eng
Schlagworte:	Business cycles Capital Central banks Economic Growth Economics Economics and Finance Equilibrium Equity Equity funds International Economics Macroeconomics/Monetary Economics//Financial Economics Private equity Venture capital
Online-Zugang:	Volltext
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