efficient resource allocation and enabling productivity growth. …Productivity growth is slowing down among OECD countries, coupled with increased misallocation of resources. A recent … productivity down. Moreover, while we find evidence of positive selection within zombies, with the most productive restructuring …

internal and external crises. Productivity catch-up was critical to this process, although the level of labour productivity … also remains around one-third below the OECD average. Further productivity gains will partly rely on improvements in … resource allocation. In particular, the Lithuanian government should promote better governance of state-owned enterprises, more …

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 …

Mexico’s structural reforms are already boosting productivity, but more can be done. This paper focuses on issues that … economic benefits in terms of productivity, diversification and sophistication of production. Understanding what drives …

Productivity growth has slowed across most OECD economies since the mid-2000s. While important aspects of New Zealand …’s economic performance have improved over this period, productivity growth is still comparatively low. This continues a long …-run trend of poor productivity in New Zealand, which is the key reason why average incomes are still below the OECD average …

Using a cross-country firm level panel dataset from 1995 to 2015, this paper revisits the finance–productivity nexus by … result, financial frictions are expected to be more binding for productivity growth in sectors where intangibles have become … level. We provide evidence that financial frictions act as a drag on productivity growth and especially so with respect to …