Publication
On the cleansing effect of recessions and government policy
| dc.contributor.author | Kozeniauskas, Nicholas | |
| dc.contributor.author | Moreira, Pedro | |
| dc.contributor.author | Santos, Cezar | |
| dc.date.accessioned | 2022-05-30T12:22:01Z | |
| dc.date.available | 2022-05-30T12:22:01Z | |
| dc.date.issued | 2022-05 | |
| dc.description.abstract | Recessions can have a cleansing effect by encouraging the reallocation of resources from low-productivity firms towards higher-productivity ones. Whether this effect actually occurs is still debated. We contribute to answering this question by providing new evidence. Using a survey of firms matched with administrative data, we trace out the Covid-19 recession's effects across the productivity distribution. Higher-productivity firms are found to have been more successful at maintaining employment, but there was not a rise in exit amongst lower-productivity firms. In line with the theory that support policies offset the cleansing effect of recessions, high-productivity firms are also found to have been less likely to take up government support. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.doi | 10.1016/j.euroecorev.2022.104097 | pt_PT |
| dc.identifier.eid | 85128316624 | |
| dc.identifier.issn | 0014-2921 | |
| dc.identifier.uri | http://hdl.handle.net/10400.14/37765 | |
| dc.identifier.wos | 000794037000004 | |
| dc.language.iso | por | pt_PT |
| dc.peerreviewed | yes | pt_PT |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | pt_PT |
| dc.subject | Cleansing effect | pt_PT |
| dc.subject | Covid-19 | pt_PT |
| dc.subject | Firms | pt_PT |
| dc.subject | Policies | pt_PT |
| dc.subject | Productivity | pt_PT |
| dc.title | On the cleansing effect of recessions and government policy | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.title | European Economic Review | pt_PT |
| oaire.citation.volume | 144 | pt_PT |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | article | pt_PT |
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