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Quantifying Creative Destruction: Entrepreneurship and Productivity in New Zealand

Author

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  • McMillan, John

    (Stanford U)

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.

Suggested Citation

  • McMillan, John, 2004. "Quantifying Creative Destruction: Entrepreneurship and Productivity in New Zealand," Research Papers 1863, Stanford University, Graduate School of Business.
    • Handle: RePEc:ecl:stabus:1863
    as

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    File URL: http://gsbapps.stanford.edu/researchpapers/library/RP1863.pdf
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    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. A.M.G Coleman & P.F.J Cruse & Rodger Greville & Alfred Y-T Wong & Arthur Grimes & Chris S. Meads, 1989. "Economic notes," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 52, December.
    3. Randall Morck & David Stangeland & Bernard Yeung, 2000. "Inherited Wealth, Corporate Control, and Economic Growth The Canadian Disease?," NBER Chapters, in: Concentrated Corporate Ownership, pages 319-372, National Bureau of Economic Research, Inc.
    4. W A Razzak, 2004. "Towards Building A New Consensus About New Zealand’s Productivity," GE, Growth, Math methods 0405002, University Library of Munich, Germany.
    5. He, Kathy S. & Morck, Randall & Yeung, Bernard, 2003. "Corporate Stability and Economic Growth," CEI Working Paper Series 2003-12, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    6. Morck, Randall K. (ed.), 2000. "Concentrated Corporate Ownership," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226536781, December.
    7. Jacques Poot (ed.), 2004. "On the Edge of the Global Economy," Books, Edward Elgar Publishing, number 2913.
    8. Evans, Lewis & de Boer, David Boles & Howell, Bronwyn, 2000. "The State of e-New Zealand," Working Paper Series 3908, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    9. John McMillan & Christopher Woodruff, 2002. "The Central Role of Entrepreneurs in Transition Economies," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 153-170, Summer.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Grimes, Arthur, 2005. "Regional and industry cycles in Australasia: Implications for a common currency," Journal of Asian Economics, Elsevier, vol. 16(3), pages 380-397, June.
    2. Procter, Roger, 2008. "Inside the Black box: Policies for Economic Growth," Occasional Papers 08/8, Ministry of Economic Development, New Zealand.
    3. David C. Maré, 2005. "Indirect Effects of Active Labour Market Policies," Working Papers 05_01, Motu Economic and Public Policy Research.
    4. Arthur Grimes, 2006. "Intra & inter-regional industry shocks: A new metric with application to Australasian currency union," New Zealand Economic Papers, Taylor & Francis Journals, vol. 40(1), pages 23-44.
    5. W. Robert & J. Alexander & John Bell & Stephen Knowles, 2005. "Quantifying compliance costs of small businesses in New Zealand," New Zealand Economic Papers, Taylor & Francis Journals, vol. 39(1), pages 37-50.
    6. Christine Tamásy & Richard Le Heron, 2008. "The Geography Of Firm Formation In New Zealand," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 99(1), pages 37-52, February.
    7. W. A. Razzak, 2016. "New Zealand Labor Market Dynamics: Pre- and Post-global Financial Crisis," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 12(1), pages 49-79, September.
    8. Gilbert-Saad, Antoine & Siedlok, Frank & McNaughton, Rod B., 2023. "Entrepreneurial heuristics: Making strategic decisions in highly uncertain environments," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
    9. Michelle Poland & David C Maré, 2005. "Defining Geographic Communities," Urban/Regional 0509016, University Library of Munich, Germany.

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    More about this item

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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