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-creditor reform affected the allocation of resources across firms. We find evidence that the reform was particularly effective in … thrive on the expense of others. Our results suggest that better access to credit can improve the allocation of resources …
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Policies that spur more efficient corporate restructuring can revive productivity growth by targeting three inter-related sources of labour productivity weakness: the survival of “zombie” firms (low productivity firms that would typically exit in a competitive market), capital misallocation...
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