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

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

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, Brockmeyer, Anne, Semelet, Camille, Ungerer, Christoph
Format: Brief
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
FIRM PRODUCTIVITY
FIRM EXIT
TAX REVENUE
UNEMPLOYMENT
FISCAL POLICY
Online Access:http://documents.worldbank.org/curated/en/171421598009517372/The-Impact-of-COVID-19-on-Formal-Firms-Evidence-from-Albania
http://hdl.handle.net/10986/34392
id okr-10986-34392
recordtype oai_dc
spelling okr-10986-343922021-06-14T09:58:03Z The Impact of COVID-19 on Formal Firms : Evidence from Albania Bachas, Pierre Brockmeyer, Anne Semelet, Camille Ungerer, Christoph CORONAVIRUS COVID-19 PANDEMIC IMPACT FIRM PRODUCTIVITY FIRM EXIT TAX REVENUE UNEMPLOYMENT FISCAL POLICY 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. The authors present simulations using firm-level tax records from Albania, which vary the duration of the lockdown and the relative impact across sectors. 2020-08-28T15:28:06Z 2020-08-28T15:28:06Z 2020-08 Brief http://documents.worldbank.org/curated/en/171421598009517372/The-Impact-of-COVID-19-on-Formal-Firms-Evidence-from-Albania http://hdl.handle.net/10986/34392 English MTI Practice Notes;No. 9A 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 Albania
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
FIRM EXIT
TAX REVENUE
UNEMPLOYMENT
FISCAL POLICY
spellingShingle CORONAVIRUS
COVID-19
PANDEMIC IMPACT
FIRM PRODUCTIVITY
FIRM EXIT
TAX REVENUE
UNEMPLOYMENT
FISCAL POLICY
Bachas, Pierre
Brockmeyer, Anne
Semelet, Camille
Ungerer, Christoph
The Impact of COVID-19 on Formal Firms : Evidence from Albania
geographic_facet Europe and Central Asia
Albania
relation MTI Practice Notes;No. 9A
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. The authors present simulations using firm-level tax records from Albania, which vary the duration of the lockdown and the relative impact across sectors.
format Brief
author Bachas, Pierre
Brockmeyer, Anne
Semelet, Camille
Ungerer, Christoph
author_facet Bachas, Pierre
Brockmeyer, Anne
Semelet, Camille
Ungerer, Christoph
author_sort Bachas, Pierre
title The Impact of COVID-19 on Formal Firms : Evidence from Albania
title_short The Impact of COVID-19 on Formal Firms : Evidence from Albania
title_full The Impact of COVID-19 on Formal Firms : Evidence from Albania
title_fullStr The Impact of COVID-19 on Formal Firms : Evidence from Albania
title_full_unstemmed The Impact of COVID-19 on Formal Firms : Evidence from Albania
title_sort impact of covid-19 on formal firms : evidence from albania
publisher World Bank, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/171421598009517372/The-Impact-of-COVID-19-on-Formal-Firms-Evidence-from-Albania
http://hdl.handle.net/10986/34392
_version_ 1764480803549478912

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