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This paper examines whether the economic crisis induced by the COVID-19 pandemic exhibits a Schumpeterian "cleansing" of less productive firms. Using firm-level data for 31 economies, the study finds that less productive firms have a higher probability of permanently closing during the crisis,...
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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 …
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