Abstract
This article examines the cyclical comovements of venture capital investments in the energy sector and key macroeconomic variables. In particular, we decompose the cyclical component of two venture capital investment series (clean technology and industrial/energy) and several macroeconomic factors including oil prices. A number of important cyclical relationships are documented such as increases in crude oil prices tend to signal future venture capital investment in both energy-related sectors and these investments tend to move concurrently with movements in the overall economy.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 1065-1069 |
| Number of pages | 5 |
| Journal | Applied Economics Letters |
| Volume | 24 |
| Issue number | 15 |
| DOIs | |
| State | Published - Sep 2 2017 |
Keywords
- Venture capital investments
- clean technology
- cycles
- energy
ASJC Scopus subject areas
- Economics and Econometrics