New Zealand's perfect storm of entrepreneurship and economic development

H. Frederick, Erik Monsen

Research output: Contribution to journalArticlepeer-review

21 Citations (Scopus)


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.
Original languageEnglish
Pages (from-to)187-204
Number of pages18
JournalSmall Business Economics
Issue number2
Early online date30 Oct 2009
Publication statusPublished - Sep 2011


  • economic development
  • entrepreneurship
  • grounded theory
  • global entrepreneurship monitor

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