DP4614 A Flexible Economy? Entrepreneurship and Productivity in New Zealand

Author(s): John McMillan
Publication Date: September 2004
Keyword(s): flexibility, O56, turnover
JEL(s): D23, L11
Programme Areas: Public Economics, Industrial Organization
Link to this Page: www.cepr.org/active/publications/discussion_papers/dp.php?dpno=4614

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.