EIB Working Paper 2021/04 - Aggregate productivity slowdown in Europe New evidence from corporate balance sheets

Using firm balance sheet data, this paper shows the impact of credit constraints on allocative efficiency and productivity growth. Allocative efficiency is the extent to which resources, including labour, are distributed to firms with the highest growth prospects, or "stuck" in less produc...

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Hoofdauteur: Wolski, Marcin (auth)
Andere auteurs: Maurin, Laurent (auth), European Investment Bank (Redacteur)
Formaat: Elektronisch Hoofdstuk
Taal:Engels
Gepubliceerd in: European Investment Bank 2021
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