Encouraged by the forbearance of creditors and exit barriers (e.g., inefficient insolvency regimes), the zombie … productivity levels. Finally, we find that the probability of transition into recovery and exit is relatively small. However …' recovery. The insolvency environment is also found to be a strong factor in stimulating business restructuring. …

This paper empirically assesses the role of structural and institutional reforms in driving productivity growth across … reforms matter more for increasing productivity growth at the aggregate and sectoral levels for some emerging market and … payoffs, the paper also examines how productivity gains from various reforms evolve over the the short- and medium-term …

productivity and allocation efficiency, while in all cases obstacles in SBRs present a negative and significant correlation with … the firms' performance and productivity, reducing the allocation efficiency and increasing the dispersions on output and …Resource reallocation from low to high productivity firms can generate large aggregate productivity gains with further …

This paper constructs an industry-level dataset of productivity across advanced economies, showing that Korea’s labor … productivity and total factor productivity levels are below the median of other advanced economies. We identify sizable industry …-level productivity gaps in Korea with respect to the global frontier, especially in market-oriented services. Using the OECD’s Product …

The present study examines cross-national and sectoral differences in Total Factor Productivity (TFP) in fourteen …

Productivity in Russia has fallen steadily over the past 15 years. This paper explores micro-level data to understand … the contribution of individual firms to aggregate productivity. Overall, firm-level data corroborate the decline in … aggregate productivity and a widening productivity gap against several European countries. They also show that the gap between …

The authors provide an extensive review of the rapidly expanding research on productivity, both at the macro and micro …, especially the United States, where such work sheds important light on particular aspects of productivity growth. The authors …

The authors provide an extensive review of the rapidly expanding research on productivity, both at the macro and micro …, especially the United States, where such work sheds important light on particular aspects of productivity growth. The authors … identify areas for further research. -- Productivity …

Economic analysts have used trends in total factor productivity (TFP) to evaluate the effectiveness with which …