Should we fear the walking dead? The role of zombie firms for productivity developments in Portugal

Detalhes bibliográficos
Autor(a) principal: Osterhold, Christian
Data de Publicação: 2018
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/32317
Resumo: Productivity growth is slowing down among OECD countries. A recent strand of literature focuses on the role of unviable firms, so-called “zombie firms”, to explain the slowdown. Using comprehensive firm-level data, we find that by being unproductive and by obstructing the rest of the economy through resource misallocation, zombie firms stifle firm performance in Portugal. This is a precarious finding as the share of zombie firms in Portugal has risen steadily from 2008 to 2013, exceeding the OECD average. Furthermore, we show that recent structural reforms in Portugal have potentiated the exit of zombie firms by reducing policy-induced exit barriers.
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spelling Should we fear the walking dead? The role of zombie firms for productivity developments in Portugalzombie firmslabor productivityfirm exitDomínio/Área Científica::Ciências Sociais::Economia e GestãoProductivity growth is slowing down among OECD countries. A recent strand of literature focuses on the role of unviable firms, so-called “zombie firms”, to explain the slowdown. Using comprehensive firm-level data, we find that by being unproductive and by obstructing the rest of the economy through resource misallocation, zombie firms stifle firm performance in Portugal. This is a precarious finding as the share of zombie firms in Portugal has risen steadily from 2008 to 2013, exceeding the OECD average. Furthermore, we show that recent structural reforms in Portugal have potentiated the exit of zombie firms by reducing policy-induced exit barriers.Gouveia, Ana FontouraPeralta, SusanaRUNOsterhold, Christian2019-01-20T01:30:33Z2018-01-202018-01-20T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/32317TID:201861585enginfo:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:17:59Zoai:run.unl.pt:10362/32317Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:29:50.337400Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Should we fear the walking dead? The role of zombie firms for productivity developments in Portugal
title Should we fear the walking dead? The role of zombie firms for productivity developments in Portugal
spellingShingle Should we fear the walking dead? The role of zombie firms for productivity developments in Portugal
Osterhold, Christian
zombie firms
labor productivity
firm exit
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Should we fear the walking dead? The role of zombie firms for productivity developments in Portugal
title_full Should we fear the walking dead? The role of zombie firms for productivity developments in Portugal
title_fullStr Should we fear the walking dead? The role of zombie firms for productivity developments in Portugal
title_full_unstemmed Should we fear the walking dead? The role of zombie firms for productivity developments in Portugal
title_sort Should we fear the walking dead? The role of zombie firms for productivity developments in Portugal
author Osterhold, Christian
author_facet Osterhold, Christian
author_role author
dc.contributor.none.fl_str_mv Gouveia, Ana Fontoura
Peralta, Susana
RUN
dc.contributor.author.fl_str_mv Osterhold, Christian
dc.subject.por.fl_str_mv zombie firms
labor productivity
firm exit
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic zombie firms
labor productivity
firm exit
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description Productivity growth is slowing down among OECD countries. A recent strand of literature focuses on the role of unviable firms, so-called “zombie firms”, to explain the slowdown. Using comprehensive firm-level data, we find that by being unproductive and by obstructing the rest of the economy through resource misallocation, zombie firms stifle firm performance in Portugal. This is a precarious finding as the share of zombie firms in Portugal has risen steadily from 2008 to 2013, exceeding the OECD average. Furthermore, we show that recent structural reforms in Portugal have potentiated the exit of zombie firms by reducing policy-induced exit barriers.
publishDate 2018
dc.date.none.fl_str_mv 2018-01-20
2018-01-20T00:00:00Z
2019-01-20T01:30:33Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/32317
TID:201861585
url http://hdl.handle.net/10362/32317
identifier_str_mv TID:201861585
dc.language.iso.fl_str_mv eng
language eng
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instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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