Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/264206 
Year of Publication: 
2022
Series/Report no.: 
Bruegel Working Paper No. 06/2022
Publisher: 
Bruegel, Brussels
Abstract: 
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.
Document Type: 
Working Paper
Appears in Collections:

Files in This Item:
File
Size
260.72 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.