The outlier phenomenon in entrepreneurship and economic growth : mollycoddling policies create New Zealand’s perfect storm
Frederick, Howard H. and Monsen, Erik 2006, The outlier phenomenon in entrepreneurship and economic growth : mollycoddling policies create New Zealand’s perfect storm, in Frontiers of Entrepreneurship Research 2006 : Proceedings of the 26th Annual Entrepreneurship Research Conference, Babson Bank, Mass., Arthur M. Blank Center for Entrepreneurship.
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Frontiers of Entrepreneurship Research 2006 : Proceedings of the 26th Annual Entrepreneurship Research Conference
Annual Entrepreneurship Research Conference
Babson Bank, Mass.
Place of publication
Arthur M. Blank Center for Entrepreneurship
Analyzing GEM 2005 data, we confirm that entrepreneurship and economic development form a U-shaped curve. We seek to understand New Zealand’s large deviation from the modeled curve by factor-analyzing all countries’ deviations from the curve. We make recommendations that would move New Zealand toward the trend line and thus aid in increasing its level of economic development. Our findings indicate that measures that overprotect workers, spoil incentives, or indulge welfare passivity can stymie economic growth even in conditions of high entrepreneurial activity.
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