12 janvier 2017

The Walking Dead: Zombie Firms Stifle Economic Recovery Prospects

https://oecdecoscope.files.wordpress.com/2016/02/cropped-blog-clouds.jpgPosted . With the global economy stuck in a low growth trap, it is crucial to understand the factors behind the weak recovery in potential output growth, and particularly the barriers to productivity growth. New research shows that this dynamic can be partly understood in terms of the increasing survival of zombie firms – i.e. those firms that would typically exit in a competitive market but are being kept alive by creditors or policy weakness. More...

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