Skip to Main Content
Table 11. 
The efficiency gains after the exit of zombie firms (%)
Output growthCapital growthJob creationTFP improvement
Non-zombies 25.80 9.59 3.91 19.63 
Zombies 6.56 −3.15 −3.76 9.95 
Difference 19.24 12.74 7.67 9.68 
Growth change of the whole economy 
89% healthy 23.68 8.19 3.07 18.57 
100% healthy 25.80 9.59 3.91 19.63 
Growth gain 2.12 1.40 0.84 1.06 
Output growthCapital growthJob creationTFP improvement
Non-zombies 25.80 9.59 3.91 19.63 
Zombies 6.56 −3.15 −3.76 9.95 
Difference 19.24 12.74 7.67 9.68 
Growth change of the whole economy 
89% healthy 23.68 8.19 3.07 18.57 
100% healthy 25.80 9.59 3.91 19.63 
Growth gain 2.12 1.40 0.84 1.06 

Source: Authors’ estimation.

Close Modal

or Create an Account

Close Modal
Close Modal