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.

John McMillan

English

Research Papers in Economics

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Quantifying Creative Destruction Entrepreneurship and Productivity in New Zealand

http://motu-www.motu.org.nz/wpapers/04_07.pdf

Quantifying Creative Destruction Entrepreneurship and Productivity in New Zealand

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Research Papers in Economics