Corporate Indebtedness and Low Productivity Growth of Italian Firms

Corporate Indebtedness and Low Productivity Growth of Italian Firms
Productivity growth in Italy has been persistently anemic and has lagged that of the euro area over the period 1999-2015, while the indebtedness of its corporate sector has increased. Using the ORBIS firm-level database, this paper studies the long-term impact of persistent corporate-debt accumulation on the productivity growth... READ MORE...

Publication date: February 2018
ISBN 9781484343265
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