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A Flexible Economy? Entrepreneurship and Productivity in New Zealand

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  • McMillan, John

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. "A Flexible Economy? Entrepreneurship and Productivity in New Zealand," CEPR Discussion Papers 4614, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:4614
    as

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    References listed on IDEAS

    as
    1. Myers, Stewart C. & Majluf, Nicolás S., 1945-, 1984. "Corporate financing and investment decisions when firms have information that investors do not have," Working papers 1523-84., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    2. Stewart C. Myers & Nicholas S. Majluf, 1984. "Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have," NBER Working Papers 1396, National Bureau of Economic Research, Inc.
    3. Myers, Stewart C. & Majluf, Nicholas S., 1984. "Corporate financing and investment decisions when firms have information that investors do not have," Journal of Financial Economics, Elsevier, vol. 13(2), pages 187-221, June.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Alvaro Escribano & J. Luis Guasch & Manuel De Orte & Jorge Pena, 2009. "Investment Climate Assessment In Indonesia, Malaysia, The Philippines And Thailand: Results From Pooling Firm-Level Data," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 54(03), pages 335-366.
    2. Kinda, Tidiane & Plane, Patrick & Veganzones-Varoudakis, Marie-Ange, 2009. "Firms'productive performance and the investment climate in developing economies : an application to MENA manufacturing," Policy Research Working Paper Series 4869, The World Bank.
    3. Tidiane Kinda & Patrick Plane & Marie-Ange Veganzones-Varoudakis, 2009. "Productivity and Investment Climate in Developing Countries: How Do MENA Industries Perform?," Working Papers 476, Economic Research Forum, revised Mar 2009.
    4. Tidiane KINDA & Patrick PLANE & Marie-Ange VEGANZONES-VAROUDAKIS, 2008. "Firm-Level Productivity and Technical Efficiency in MENA Manufacturing Industry: The Role of the Investment Climate," Working Papers 200819, CERDI.
    5. Jane Frances, 2004. "Institutions, Firms and Economic Growth," Treasury Working Paper Series 04/19, New Zealand Treasury.

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    More about this item

    Keywords

    flexibility; O56; turnover;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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