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The Strathprints institutional repository is a digital archive of University of Strathclyde research outputs. Strathprints provides access to thousands of Open Access research papers by University of Strathclyde researchers, including those from the School of Psychological Sciences & Health - but also papers by researchers based within the Faculties of Science, Engineering, Humanities & Social Sciences, and from the Strathclyde Business School.

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The outlier phenomenon in entrepreneurship and economic growth : mollycoddling policies create New Zealand's perfect storm

Frederick, Howard and Monsen, Erik (2006) The outlier phenomenon in entrepreneurship and economic growth : mollycoddling policies create New Zealand's perfect storm. Frontiers of Entrepreneurship Research, 26 (20). ISSN 0740-7416

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Abstract

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.