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New Zealand's perfect storm of entrepreneurship and economic development

journal contribution
posted on 2011-09-01, 00:00 authored by Howard Frederick, E Monsen
Applying a grounded-theory approach to analyzing the Global Entrepreneurship Monitor (GEM) data, we attempt to explain why New Zealand exhibits only a moderate level of economic development despite its high level of entrepreneurship. By statistically analyzing why 34 other countries in the 2005 GEM dataset exhibit small deviations from the classical quadratic curvilinear relationship between entrepreneurship and economic development, we develop a better understanding of the entrepreneurial framework conditions underlying New Zealand’s large deviation from this trend line. Based on our findings from the GEM data we make policy recommendations that could aid in moving New Zealand (and other countries) closer toward the trend line and thus promote economic development.

History

Journal

Small business economics

Volume

37

Pagination

187 - 204

Location

New York, N.Y.

Open access

  • Yes

ISSN

0921-898X

eISSN

1573-0913

Language

eng

Notes

Published online: 30 October 2009

Publication classification

C1 Refereed article in a scholarly journal

Copyright notice

2009, The Authors

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