Environmental Economics and Venture Capital

29 Pages Posted: 12 Apr 2010

See all articles by Emanuel Shachmurove

Emanuel Shachmurove

Independent

Yochanan Shachmurove

City University of New York, CUNY City College of New York - Department of Economics; The University of Pennsylvania - Department of Economics

Date Written: April 12, 2010

Abstract

What are the effects of macroeconomic variables on venture-backed capital investment in environmentally friendly industries in the United States? What is the significance of location in determining both the number of deals and amount of investment by venture capital in the Clean-tech industry? The Clean-tech sector encompasses those firms that actively incorporate environmental concerns into their products and services. The sector contains environmentally progressive companies from many different traditional, functionality-based industries such as software, energy, telecommunications, etc. This paper ascertains the effects of macroeconomic variables and the location on venture-capital backed investment in the Clean-tech industry in the United States.

Keywords: Venture Capital, Clean-Technology Industry, Economic Geography, Location, Environmental Economics, Industrial Sector

JEL Classification: C12 D81,D92,E22,G12,G24,G3,M13,M21,O16,O3

Suggested Citation

Shachmurove, Emanuel and Shachmurove, Yochanan, Environmental Economics and Venture Capital (April 12, 2010). PIER Working Paper No. 10-013. Available at SSRN: https://ssrn.com/abstract=1588091 or http://dx.doi.org/10.2139/ssrn.1588091

Emanuel Shachmurove

Independent ( email )

56 Trent Road
Wynnewood, PA 19096
United States

Yochanan Shachmurove (Contact Author)

City University of New York, CUNY City College of New York - Department of Economics ( email )

160 Convent Avenue
New York, NY 10031
United States
212-650-6202 (Phone)

The University of Pennsylvania - Department of Economics ( email )

Ronald O. Perelman Center for Political Science
133 South 36th Street
Philadelphia, PA 19104-6297
United States
215-898-1090 (Phone)
215-573-2057 (Fax)

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