Productivity Dynamics in the Great Stagnation: Evidence from British Businesses

| Publication date: 28 Jul 2014 | Theme: Trade, Investment & Productivity | NIESR Author(s): Riley, R | External Author(s): Young, G

A banking crisis may inhibit efficient resource allocation across businesses

  • Using firm level data we can examine whether aggregate productivity weakness arises because of resource misallocation between existing firms and/or a lack of creative destruction or cleansing effect of recession