OECD, (2017), “Zombie firms and weak productivity: what role for policy?”, 6 December
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.
Relevant Posts
- Dan Andrews, Filippos Petroulakis, (2017), «Breaking the Shackles Zombie Firms, Weak Banks and Depressed Restructuring in Europe», OECD Economics Department Working Papers, 20 November
- Veugelers, Reinhilde, (2017), «Remaking Europe: the new manufacturing as an engine for growth«, Bruegel, 7 September