COVID‑19, productivity and reallocation: Timely evidence from three OECD countries
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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The longer run consequences of the pandemic will partly hinge on its impact on high productivity firms, and the ongoing process of labour reallocation from low to high productivity firms. While Schumpeter (1939) proposed that recessions can accelerate this process, the nature of the COVID-19 shock coupled with a policy response that prioritised...
