Private Equity Investment and Local Employment Growth: A County-Level Analysis

被引：0

作者：

Cox, Joshua ^{[1
]}

Bailey, Bronwyn ^{[2
]}

机构：

[1] Amer Investment Council, Res, Washington, DC 20001 USA

[2] Amer Investment Council, Res & Investor Relat, Washington, DC USA

来源：

JOURNAL OF ALTERNATIVE INVESTMENTS | 2020年 / 22卷 / 03期

关键词：

LEVERAGED BUYOUTS; ECONOMIC-GROWTH; UNEMPLOYMENT; OECD; WAGE; JOBS;

D O I：

10.3905/jai.2019.1.082

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examines the relationship between private equity investment and local employment growth. Using a sample of over 3,000 US counties, we estimate the effect of private equity investment volume and demographic determinants of employment growth (labor supply, labor quality, labor cost, unionization, agglomeration, industry concentration, and regional geography) on employment changes from 2011 to 2014. Controlling for these demographicfactors, private equity investment shows a positive correlation with employment changes.

引用

页码：42 / 54

页数：13