The Impact of COVID-19 on Formal Firms : Evidence from Montenegro

The Impact of COVID-19 on Formal Firms : Evidence from Montenegro

The COVID19 (coronavirus) pandemic and associated containment measures are expected to cause far-reaching damage to economies around the world. Firms are suffering from reduced demand due to movement restrictions, from reduced labor supply and from...

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Bibliographic Details
Main Authors: Bachas, Pierre Jean, Brockmeyer, Anne, Lakicevic, Milan, Schiffbauer, Marc, Semelet, Camille
Format: Brief
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
FIRM PRODUCTIVITY
WAGE SUBSIDY
REVENUE COLLECTION
UNEMPLOYMENT
FIRM EXIT
Online Access:http://documents.worldbank.org/curated/en/146351598014508138/The-Impact-of-COVID-19-on-Formal-Firms-Evidence-from-Montenegro
http://hdl.handle.net/10986/34390
id okr-10986-34390
recordtype oai_dc
spelling okr-10986-343902021-06-14T09:57:43Z The Impact of COVID-19 on Formal Firms : Evidence from Montenegro Bachas, Pierre Jean Brockmeyer, Anne Lakicevic, Milan Schiffbauer, Marc Semelet, Camille CORONAVIRUS COVID-19 PANDEMIC IMPACT FIRM PRODUCTIVITY WAGE SUBSIDY REVENUE COLLECTION UNEMPLOYMENT FIRM EXIT The COVID19 (coronavirus) pandemic and associated containment measures are expected to cause far-reaching damage to economies around the world. Firms are suffering from reduced demand due to movement restrictions, from reduced labor supply and from constraints to sourcing material inputs. The breakup of otherwise healthy businesses in response to a temporary shock implies large social costs. Governments are therefore intent on designing emergency policies to keep businesses afloat. In this brief, the authors present simulations using firm-level tax records from Montenegro, which vary the duration of the lockdown and the relative impact across sectors. 2020-08-28T15:18:09Z 2020-08-28T15:18:09Z 2020-08 Brief http://documents.worldbank.org/curated/en/146351598014508138/The-Impact-of-COVID-19-on-Formal-Firms-Evidence-from-Montenegro http://hdl.handle.net/10986/34390 English MTI Practice Notes;No. 9F CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief Europe and Central Asia Montenegro
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic CORONAVIRUS
COVID-19
PANDEMIC IMPACT
FIRM PRODUCTIVITY
WAGE SUBSIDY
REVENUE COLLECTION
UNEMPLOYMENT
FIRM EXIT
spellingShingle CORONAVIRUS
COVID-19
PANDEMIC IMPACT
FIRM PRODUCTIVITY
WAGE SUBSIDY
REVENUE COLLECTION
UNEMPLOYMENT
FIRM EXIT
Bachas, Pierre Jean
Brockmeyer, Anne
Lakicevic, Milan
Schiffbauer, Marc
Semelet, Camille
The Impact of COVID-19 on Formal Firms : Evidence from Montenegro
geographic_facet Europe and Central Asia
Montenegro
relation MTI Practice Notes;No. 9F
description The COVID19 (coronavirus) pandemic and associated containment measures are expected to cause far-reaching damage to economies around the world. Firms are suffering from reduced demand due to movement restrictions, from reduced labor supply and from constraints to sourcing material inputs. The breakup of otherwise healthy businesses in response to a temporary shock implies large social costs. Governments are therefore intent on designing emergency policies to keep businesses afloat. In this brief, the authors present simulations using firm-level tax records from Montenegro, which vary the duration of the lockdown and the relative impact across sectors.
format Brief
author Bachas, Pierre Jean
Brockmeyer, Anne
Lakicevic, Milan
Schiffbauer, Marc
Semelet, Camille
author_facet Bachas, Pierre Jean
Brockmeyer, Anne
Lakicevic, Milan
Schiffbauer, Marc
Semelet, Camille
author_sort Bachas, Pierre Jean
title The Impact of COVID-19 on Formal Firms : Evidence from Montenegro
title_short The Impact of COVID-19 on Formal Firms : Evidence from Montenegro
title_full The Impact of COVID-19 on Formal Firms : Evidence from Montenegro
title_fullStr The Impact of COVID-19 on Formal Firms : Evidence from Montenegro
title_full_unstemmed The Impact of COVID-19 on Formal Firms : Evidence from Montenegro
title_sort impact of covid-19 on formal firms : evidence from montenegro
publisher World Bank, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/146351598014508138/The-Impact-of-COVID-19-on-Formal-Firms-Evidence-from-Montenegro
http://hdl.handle.net/10986/34390
_version_ 1764480799449546752

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