Productivity Dynamics in the Great Stagnation: Evidence from British Businesses
Publication date: 9 Apr 2014
| Publication type: Conference and seminar output
| Theme: Trade, Investment & Productivity
We investigate to what extent the weakness in productivity in the aftermath of the global financial crisis of 2007/2008 may be due to:
- a reduction in the allocation of resources between high and low productivity firms which might occur through:
- resource misallocation between existing firms
- a lack of creative destruction
- •a widespread productivity shock occurring within firms