DP4614 A Flexible Economy? Entrepreneurship and Productivity in New Zealand
|Publication Date:||September 2004|
|Keyword(s):||flexibility, O56, turnover|
|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.