Confronting the zombies: Policies for productivity revival

@inproceedings{Andrews2017ConfrontingTZ,
  title={Confronting the zombies: Policies for productivity revival},
  author={Dan Andrews and Muge Adalet McGowan and Valentine Millot},
  year={2017}
}
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 and stalling technological diffusion. New OECD policy indicators show that there is much scope to improve the design of insolvency regimes in order to reduce the barriers to restructuring of weak firms and… 

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