González, Beatriz; Moral-Benito, Enrique; Soler, Isabel - In: SERIEs - Journal of the Spanish Economic Association 14 (2023) 3/4, pp. 555-577
This paper uncovers an inverted U-shaped relationship between firm exit and total factor productivity (TFP) growth … using Spanish data. At low levels of firm exit, Schumpeterian cleansing effects dominate and the effect of firm destruction … Global Financial Crisis (GFC), TFP growth increases, and the recovery is faster. However, when the shock is severe and firm …