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Productivity of firms using relief policies during the COVID-19 crisis
1Hitotsubashi University, 2-1 Naka, Kunitachi, Tokyo 186-8603, Japan.
Abstract:
This study, based on an original survey of Japanese firms, analyzes the productivity of firms that used relief policy measures during the COVID-19 pandemic. The productivity of firms using these relief measures was lower than that of non-user firms prior to the pandemic, suggesting that inefficient firms have been affected seriously. The result cautions against the excessive and prolonged relief policies.
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