Productivity and long term growth

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Zombie firms and weak productivity

Among the factors of the productivity slowdown experienced over the past two decades is the increasing survival of firms that would typically exit in a competitive market – i.e. “zombie” firms. Reviving productivity growth will partly depend on the policies that effectively facilitate the exit or restructuring of weak firms, while simultaneously coping with any social costs that arise from a heightened churning of firms and jobs.

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Paris, 10-11 January 2018: Joint BIS - IMF - OECD Conference

Co-sponsored by the Global Forum on Productivity, this conference will address questions related to  “Weak productivity: the role of financial factors and policies”.

 

Resilience

Strengthening Economic Resilience: Insights from the Post-1970 Record of Severe Recessions and Financial Crises

Given the enduring impact of severe recessions and financial crises, it is important to take measures to minimise the risk of such events. In so doing, the benefits of higher economic stability must be weighed against potential costs. Risk-mitigating measures can involve a trade-off between growth and crisis risk, thus the most cost-effective actions must be identified.

 

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Global Forum on Productivity

The Global Forum on Productivity is a practical, interactive tool, seeking to dismantle the drivers of slowing productivity growth and proposing ways to improve future prospects. It features a dedicated website that provides:

  • A library section compiling productivity-related literature, sometimes even country specific
  • A selection of databases deemed central to productivity research
  • Detailed country profiles
  • Information about the latest GFP events