strengthening efforts and insolvency regime reform would contribute to breaking the shackles on potential growth in Europe. … bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … Europe may at least partly stem from bank forbearance. The increasing survival of zombie firms congests markets and …

In this paper we investigate the relationship between productivity growth and firm dynamics using firm-level data … between 1992 and 2006. Theories emphasising firm-level heterogeneity show that industry-level productivity may not only … was the main factor behind industry-level productivity growth in Hungary in this period, but creative destruction also …

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. …

aggregate productivity growth. The framework is not derived from economic theory and it implies that productivity levels … determine the contribution from reallocation and firm turnover. In this paper, I outline an index for aggregate productivity … productivity growth should be based on the profitability, and not the productivity, of these firms. …

This paper relates firm level input changes and productivity to aggregate growth of the Hungarian economy for the … the role of firm productivity in growth was not stable over time. It played important role in early transition and in the …

We provide evidence that a weak banking sector has contributed to low productivity growth following the European … natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by … the resulting increase in factor misallocation accounts for 20% of the decline in productivity in Portugal in 2012. …

of collateral constraints and to quantify the aggregate impact of these constraints on misallocation and productivity …

We study the productivity effect of the German national minimum wage by applying administrative firm data. At the firm … level, we confirm positive effects on wages and negative employment effects and document higher productivity even net of … minimum wage increased aggregate productivity in manufacturing. We do not find that employment reallocation across firms …

employment, especially among young and small companies. Impacts on the productivity are, however, uncertain. Cooperation of … help firms to grow larger but do not improve their productivity. …

This paper examines the relationship between firm size and productivity. In contrast to previous studies, this paper … distribution of employment over firm size categories has affected Canadian aggregate productivity, and whether differences in the … productivity gap. The importance of large and small firms to changes in productivity is also examined. A positive relationship …