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Quantifying Creative Destruction Entrepreneurship and Productivity in New Zealand

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Document Format: Motu Working Paper

Publication Year: 2004

Abstract

This paper (a) provides a framework for quantifying any economy’s flexibility, and (b) reviews the evidence on New Zealand firms’ birth, growth and death. The data indicate that, by and large, the labour market and the financial market are doing their job.

Citation

McMillan, John. 2004. "Quantifying Creative Destruction Entrepreneurship and Productivity in New Zealand," Motu Working Paper 04-07.

Motu code: MWP0407

JEL codes: D230, L110, O560