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inter-related sources of labour productivity weakness: the survival of “zombie” firms (firms that would typically exit in a … misallocation and the increasing survival of low productivity firms have contributed to the productivity slowdown. …
Persistent link: https://www.econbiz.de/10011700546
-factor productivity (MFP) growth, using new OECD indicators of the design of insolvency regimes. Firm-level analysis shows that reforms to … OECD countries and given evidence that stalling technological diffusion has contributed to the aggregate productivity …
Persistent link: https://www.econbiz.de/10011823606
design of insolvency regimes is relevant for understanding three inter-related sources of contemporary labour productivity …
Persistent link: https://www.econbiz.de/10011914641
their interest payments – are stifling labour productivity performance. The results show that the prevalence of and … resources sunk in zombie firms have risen since the mid-2000s and that the increasing survival of these low productivity firms … productivity-enhancing capital reallocation. Besides limiting the expansion possibilities of healthy incumbent firms, market …
Persistent link: https://www.econbiz.de/10011700180
to achieving a truly single market limit productivity growth of regions, including the most advanced. Reducing regulatory … barriers and better innovation policies would boost productivity. Effective intergovernmental coordination bodies and a well …
Persistent link: https://www.econbiz.de/10012111044
Despite sound policies and institutions, Danish productivity has grown modestly over the past decade, both historically …
Persistent link: https://www.econbiz.de/10009690977
Danish productivity has grown only weakly over the past two decades, both historically and in relation to other … to continue its efforts to reap the benefits of globalisation, which would contribute to invigorating productivity growth …
Persistent link: https://www.econbiz.de/10010374405
by labour productivity. To this end, the stochastic frontier technique is used on a unique unbalanced longitudinal … firms. From a policy perspective, the results of this study suggest that - if the aim is to leverage firms' productivity … other hand, corporate R&D in the low-tech sector is found to have a minor effect in explaining productivity. Instead …
Persistent link: https://www.econbiz.de/10011981958
which they shape aggregate productivity growth. A range of potentially relevant policies are identified, spanning insolvency … environment regulations. These policies can directly shape aggregate productivity along the exit margin through a variety of … relevant for explaining cross-country differences in productivity. Finally, the paper proposes a strategy to obtain policy …
Persistent link: https://www.econbiz.de/10011577810
Spain has chronically low productivity growth, which undermines its ability to generate higher living standards …. Important contributors to low productivity growth are the misallocation of capital to low productivity firms and under …
Persistent link: https://www.econbiz.de/10011700361