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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Main Author: | Wolski, Marcin (auth) |
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Other Authors: | Maurin, Laurent (auth), European Investment Bank (Editor) |
Format: | Electronic Book Chapter |
Language: | English |
Published: |
European Investment Bank
2021
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Subjects: | |
Online Access: | DOAB: download the publication DOAB: description of the publication |
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