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Firm Dynamics in New Zealand: A Comparative Analysis with OECD Countries - WP 04/11

Publication Details

  • Firm Dynamics in New Zealand: A Comparative Analysis with OECD Countries
  • Published: Sep 2004
  • Status: Current
  • Authors: Mills, Duncan; Timmins, Jason
  • JEL Classification: D21; L11
  • Hard copy: Available in HTML and PDF formats only.
 

Firm Dynamics in New Zealand: A Comparative Analysis with OECD Countries

New Zealand Treasury Working Paper 04/11

Published: September 2004

Authors: Duncan Mills and Jason Timmins

Abstract

Previous work has suggested that New Zealand’s firm dynamics and business demographics show a high proportion of small firms, small average firm size, and high rates of firm and employment turnover by comparison with other OECD countries. This paper reports on new comparative analyses of New Zealand’s firm dynamics and business demography that attempt to control for measurement differences, using data from Statistics New Zealand’s Business Demographic Statistics database, the OECD firm-level project, and the OECD’s analysis of the Eurostat database. The variables investigated include firm size, firm turnover (entry and exit) rates, employment turnover rates, firm survival rates, and firm growth. The findings suggest that once measurement differences are taken into account, overall New Zealand’s firm dynamics and demographics are broadly similar to many other OECD countries. Potential policy implications of these findings are discussed.

Table of Contents

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Abstract

Table of Contents

List of Tables

List of Figures

1 Introduction

2 Measurement issues in firm dynamics

3 Description of data

4 Data issues and cross-country differences

5 Main findings

6 Conclusions and policy implications

References

Appendix

twp04-11.pdf (342 KB) pp. 37

List of Tables

List of Figures

Acknowledgements

We would like to thank Geoff Lewis and Bob Buckle for their input on this paper.  Findings from the paper have also been presented to the NZ Association of Economists’ Conference and to the Workplace Productivity Working Group, and we are grateful for the comments received from participants and working group members.

Disclaimer

The views, opinions, findings, and conclusions or recommendations expressed in this Working Paper are strictly those of the author(s).  They do not necessarily reflect the views of the New Zealand Treasury.  The New Zealand Treasury takes no responsibility for any errors or omissions in, or for the correctness of, the information contained in this Working Paper.  The paper is presented not as policy, but to inform and stimulate wider debate.

Access to the data used in this Working Paper was provided by Statistics New Zealand under conditions designed to give effect to the security and confidentiality provisions of the Statistics Act 1975. The results presented in this Working Paper are the work of the authors, not Statistics New Zealand.

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