Koski, Heli; Pajarinen, Mika - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2013
business subsidies on firm productivity performance and on the relationship between firms’ lagged labor productivity and market … firms’ productivity performance. It seems that particularly employment and investment subsidies tend to be allocated to the … relatively less efficient companies. We further observe that a decline in the firm’s lagged labor productivity levels are clearly …