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Zombie firms and weak productivity: what role for policy?

OECD, (2017), «Zombie firms and weak productivity: what role for policy?», 6 Δεκεμβρίου

Weak productivity growth is a major problem afflicting most  societies. It curbs growth in incomes and endangers the sustainability of social security systems. An important, but often ignored, source of the productivity slowdown is the increasing prevalence of weakly productive firms and, among them, “zombie firms” – in essence  firms  that would typically exit or be forced to restructure in a competitive market.

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