Insolvency Regimes And Productivity Growth: A Framework For Analysis

  title={Insolvency Regimes And Productivity Growth: A Framework For Analysis},
  author={Muge Adalet McGowan and Dan Andrews},
This paper develops an analytical framework to identify the policies relevant for firm exit and the channels through which they shape aggregate productivity growth. A range of potentially relevant policies are identified, spanning insolvency regimes, regulations affecting product, labour and financial markets, macroeconomic policies, subsidies, taxation and environment regulations. These policies can directly shape aggregate productivity along the exit margin through a variety of channels… 

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