From hibernation to reallocation: Loan guarantees and their implications for post-COVID‑19 productivity
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/from-hibernation-to-reallocation-loan-guarantees-and-their-implications-for-post-covid-19-productivity_2f4a4c20-en.html
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The paper analyses the role of loan guarantee programmes following the COVID-19 outbreak in alleviating firm distress as well as their broader impacts on productivity via reallocation, relying on a simulation model and econometric estimations. The simulation exercise relies on a simple cash-flow accounting model, a large dataset reporting balance...
