| Author (Person) | Claeys, Grégory, Le Mouel, Marie, Sgaravatti, Giovanni |
|---|---|
| Publisher | Bruegel |
| Series Title | Bruegel Working Papers |
| Series Details | 06/2022, Number 6 |
| Publication Date | April 2022 |
| Content Type | Research Paper |
|
Summary: This paper summarises the most important policy lessons from the research undertaken in the MICROPROD project (work package 4) related to the allocation of the factors of production, with a special focus on the weak dynamism of European small and medium-sized enterprises (SMEs). In particular, MICROPROD work package 4 investigated the impact of labour market institutions and skill shortages on firm dynamism, and which types of (foreign) competition are conducive for total factor productivity (TFP) maximizing factor allocation. The papers of this work package also explored the side effects of unconventional monetary policy and of forbearance in bank restructuring for the survival of ‘zombie’ firms, and for employment growth and the TFP of new SMEs. |
|
| Source Link |
Link to Main Source
https://www.bruegel.org/2022/04/the-low-productivity-of-european-firms-how-can-policies-enhance-the-allocation-of-resources/
Alternative sources
|
| Subject Categories | Business and Industry, Economic and Financial Affairs, Employment and Social Affairs |
| Subject Tags | Labour Market, Monetary Affairs, Small and Medium-sized Enterprises [SMEs] |
| International Organisations | European Union [EU] |
