An empirical study of the lagged relationship between Venture Capital investments and GDP of different countries. Do VC investments boost the GDP of a country?

The academic paper is structured in 3 chapters: the European and USA Venture Capital market trends, hypothesis and database of the research and key results and conclusions. In the first chapter it is given an overview of the history of Venture Capital and recent trends registered in USA and in Europe. Hence, the European and USA Venture Capital market trends uses academic papers and professionals’ studies in order to give a synthetic and appropriate outline of how VC has been changing over its past. In the second chapter, it is presented the hypothesis of the research and the variables that have been used to run regressions to demonstrate or refuse the assumptions of the paper. The hypothesis of this research is that the impact of VC investment should be lagged but significant and notable in term of GDP growth contribution. Therefore, looking to our empirical analysis first it is assessed if it is present an effect of VC investments on GDP. Then, it is considered if this effect is immediate or delayed, using lagged data about VC investments from 2007 to 2019. In the last chapter, key results and conclusions are reported. Hence, it is worth to analyze the regressions that have been carried on accepting or refusing our hypothesis. Finally, further researches are encouraged since it was extremely difficult to find literacy about the analyzed topic.