–through tax haven foreign direct investments to the aggregate productivity slowdown measured in France. We show that firm … measured productivity in France declines over the immediate years following the establishment in a tax haven, with an average … estimated drop by 3.5% in labor apparent productivity. We argue that this productivity decline, following a presence in a tax …

We study the role of financial frictions in explaining the sharp and persistent productivity growth slowdown in … and tightening credit conditions made an important contribution to the post-crisis productivity slowdown. Specifically: (i …) firms that entered the crisis with weaker balance sheets experienced decline in total factor productivity growth relative to …