Policies to Support Businesses through the COVID-19 Shock : A Firm-Level Perspective
Relying on a novel dataset covering more than 120,000 firms in 60 countries, this paper con-tributes to the debate about D policies to support businesses through the COVID-19 pandemic. While governments around the world have implemented a wide range of policy support measures, evidence on the r...
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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/188461610547807479/Policies-to-Support-Businesses-through-the-COVID-19-Shock-A-Firm-Level-Perspective http://hdl.handle.net/10986/35012 |
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okr-10986-350122022-09-20T00:09:22Z Policies to Support Businesses through the COVID-19 Shock : A Firm-Level Perspective Cirera, Xavier Cruz, Marcio Davies, Elwyn Grover, Arti Iacovone, Leonardo Lopez Cordova, Jose Ernesto Medvedev, Denis Okechukwu Maduko, Franklin Nayyar, Gaurav Reyes Ortega, Santiago Torres, Jesica CORONAVIRUS COVID-19 PANDEMIC RESPONSE BUSINESS SUPPORT FIRM PERSPECTIVE UNCERTAINTY PUBLIC SUPPORT POLICY ACCESS TO FINANCE SMALL AND MEDIUM SIZE ENTERPRISE Relying on a novel dataset covering more than 120,000 firms in 60 countries, this paper con-tributes to the debate about D policies to support businesses through the COVID-19 pandemic. While governments around the world have implemented a wide range of policy support measures, evidence on the reach of these policies, the alignment of measures with firm needs, and their targeting and effectiveness remains scarce. This paper provides the most comprehensive assessment to date of these issues, focusing primarily on the developing economies. It shows that policy reach has been limited, especially for the more vulnerable firms and countries, and identifies mismatches between policies provided and policies most sought. It also provides some indicative evidence regarding mistargeting of policies and their effectiveness in addressing liquidity constraints and preventing layoffs. This assessment provides some early guidance to policymakers on tailoring their COVID-19 business support packages and points to new directions in data and research efforts needed to guide policy responses to the current pandemic and future crises. 2021-01-14T15:22:22Z 2021-01-14T15:22:22Z 2021-01 Working Paper http://documents.worldbank.org/curated/en/188461610547807479/Policies-to-Support-Businesses-through-the-COVID-19-Shock-A-Firm-Level-Perspective http://hdl.handle.net/10986/35012 English Policy Research Working Paper;No. 9506 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| 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 RESPONSE BUSINESS SUPPORT FIRM PERSPECTIVE UNCERTAINTY PUBLIC SUPPORT POLICY ACCESS TO FINANCE SMALL AND MEDIUM SIZE ENTERPRISE |
| spellingShingle |
CORONAVIRUS COVID-19 PANDEMIC RESPONSE BUSINESS SUPPORT FIRM PERSPECTIVE UNCERTAINTY PUBLIC SUPPORT POLICY ACCESS TO FINANCE SMALL AND MEDIUM SIZE ENTERPRISE Cirera, Xavier Cruz, Marcio Davies, Elwyn Grover, Arti Iacovone, Leonardo Lopez Cordova, Jose Ernesto Medvedev, Denis Okechukwu Maduko, Franklin Nayyar, Gaurav Reyes Ortega, Santiago Torres, Jesica Policies to Support Businesses through the COVID-19 Shock : A Firm-Level Perspective |
| relation |
Policy Research Working Paper;No. 9506 |
| description |
Relying on a novel dataset covering more than 120,000
firms in 60 countries, this paper con-tributes to the
debate about D policies to support businesses through the
COVID-19 pandemic. While governments around the
world have implemented a wide range of policy support
measures, evidence on the reach of these policies, the alignment
of measures with firm needs, and their targeting and
effectiveness remains scarce. This paper provides the most
comprehensive assessment to date of these issues, focusing
primarily on the developing economies. It shows that policy
reach has been limited, especially for the more vulnerable
firms and countries, and identifies mismatches between policies
provided and policies most sought. It also provides
some indicative evidence regarding mistargeting of policies
and their effectiveness in addressing liquidity constraints
and preventing layoffs. This assessment provides some early
guidance to policymakers on tailoring their COVID-19
business support packages and points to new directions in
data and research efforts needed to guide policy responses
to the current pandemic and future crises. |
| format |
Working Paper |
| author |
Cirera, Xavier Cruz, Marcio Davies, Elwyn Grover, Arti Iacovone, Leonardo Lopez Cordova, Jose Ernesto Medvedev, Denis Okechukwu Maduko, Franklin Nayyar, Gaurav Reyes Ortega, Santiago Torres, Jesica |
| author_facet |
Cirera, Xavier Cruz, Marcio Davies, Elwyn Grover, Arti Iacovone, Leonardo Lopez Cordova, Jose Ernesto Medvedev, Denis Okechukwu Maduko, Franklin Nayyar, Gaurav Reyes Ortega, Santiago Torres, Jesica |
| author_sort |
Cirera, Xavier |
| title |
Policies to Support Businesses through the COVID-19 Shock : A Firm-Level Perspective |
| title_short |
Policies to Support Businesses through the COVID-19 Shock : A Firm-Level Perspective |
| title_full |
Policies to Support Businesses through the COVID-19 Shock : A Firm-Level Perspective |
| title_fullStr |
Policies to Support Businesses through the COVID-19 Shock : A Firm-Level Perspective |
| title_full_unstemmed |
Policies to Support Businesses through the COVID-19 Shock : A Firm-Level Perspective |
| title_sort |
policies to support businesses through the covid-19 shock : a firm-level perspective |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/188461610547807479/Policies-to-Support-Businesses-through-the-COVID-19-Shock-A-Firm-Level-Perspective http://hdl.handle.net/10986/35012 |
| _version_ |
1764482136821202944 |