How Wealth Fuels Growth: The Role of Angel Investment

Cato Institute, Policy Analysis No. 921

44 Pages Posted: 18 Nov 2021

Date Written: September 29, 2021

Abstract

The role of wealth in the economy is the focus of much policy debate. This study examines wealthy individuals as “angel” investors, who fund startup businesses. Angel investors provide a unique source of support for America’s entrepreneurs, particularly in leading‐​edge industries.

Keywords: Investment, Angel Investors, Economy, Entrepreneurship, Economic Growth, Innovation

JEL Classification: E22, E20, E00, E2, E5

Suggested Citation

Edwards, Chris and Institute, Cato, How Wealth Fuels Growth: The Role of Angel Investment (September 29, 2021). Cato Institute, Policy Analysis No. 921, Available at SSRN: https://ssrn.com/abstract=3965776

Chris Edwards

Cato Institute ( email )

1000 Massachusetts Avenue, N.W.
Washington, DC 20001-5403
United States

Cato Institute (Contact Author)

Cato Institute ( email )

1000 Massachusetts Avenue, N.W.
Washington, DC 20001-5403
United States

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