Economic recessions can boost the productivity-enhancing reallocation of jobs, yet the
COVID-19 crisis has provided limited and mixed evidence of that. The paper studies the link …

According to the Schumpeterian cleansing hypothesis, economic downturns force inefficient
firms off the market, freeing resources that can be allocated to more efficient firms. India, as …

This paper studies the relation between firms' access to finance, labor productivity and
investment using Lithuanian firm-level data from 2000–2018. To do so, we construct a …

How to improve factor (mis) allocation is an important topic for both economists and policy-
makers. In the digital economy era, existing studies have investigated the impact of …

This paper characterizes the power dynamics of firms in product and labour markets in
Lithuania between 2004 and 2018. We first show that both markets are not perfectly …

This paper studies how the COVID-19 pandemic and the extensive job retention support that
accompanied it affected productivity in Europe. The focus is on the reallocation channel and …

This paper examines how export activity impacts a firm's energy intensity, emphasizing the
upgrading process. We introduce a firm-level complexity index incorporating two …

Executive summary Following a period of rapid growth, the banking sector in the three Baltic
countries faced significant challenges around 2008–09. Because of structural weaknesses …