2005•RePEc: Research Papers in EconomicsRequires access

Creative destruction alive and well in NZ

John McMillan, Steen Videbeck

Abstract

Headlines of job losses, downsizing, and bankruptcy are seldom associated with a vibrant economy - yet such creative destruction is an essential ingredient in the creation of economic growth. ISCR's Steen Videbeck looks at some recent research, by John McMillan from Stanford Graduate College of Business, which has endeavoured to quantify the amount of creative destruction present in the New Zealand economy.

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Key concepts: Bankruptcy, Creative economy, Creative destruction, Job creation, Management, Economics, Political science, Economy