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Policies to Support Businesses through the COVID-19 Shock: A Firm Level Perspective

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dc.contributor.authorCirera, Xavier
dc.contributor.authorCruz, Marcio
dc.contributor.authorDavies, Elwyn
dc.contributor.authorGrover, Arti
dc.contributor.authorIacovone, Leonardo
dc.contributor.authorLopez Cordova, Jose Ernesto
dc.contributor.authorMedvedev, Denis
dc.contributor.authorOkechukwu Maduko, Franklin
dc.contributor.authorNayyar, Gaurav
dc.contributor.authorOrtega, Santiago Reyes
dc.contributor.authorTorres, Jesica
dc.date.accessioned2023-07-19T15:37:38Z
dc.date.available2023-07-19T15:37:38Z
dc.date.issued2021-02-18
dc.description.abstractRelying on a novel dataset covering more than 120,000 firms in 60 countries, this paper contributes to the debate about 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 developing economies. It shows that policy reach has been limited, especially for 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.en
dc.identifier.doi10.1596/40038
dc.identifier.issn0257-3032 (print)
dc.identifier.issn1564-6971 (online)
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40038
dc.language.isoen_US
dc.publisherPublished by Oxford University Press on behalf of the World Bank
dc.relation.ispartofseriesWorld Bank Research Observer
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subjectCOVID-19
dc.subjectFIRMS
dc.subjectPOLICIES
dc.subjectUNCERTAINTY
dc.titlePolicies to Support Businesses through the COVID-19 Shocken
dc.title.subtitleA Firm Level Perspectiveen
dc.typeJournal Article
dspace.entity.typePublication
okr.associatedcontenthttps://academic.oup.com/wbro/article/36/1/41/6144699 Journal website (version of record)
okr.crossref.titlePolicies to Support Businesses through the COVID-19 Shock: A Firm Level Perspective
okr.date.disclosure2023-07-19
okr.date.doiregistration2025-04-07T08:54:36.657468Z
okr.date.doiregistration2025-04-08T16:27:45.782863Z
okr.date.doiregistration2025-04-09T03:04:23.594326Z
okr.date.doiregistration2025-04-25T02:23:56.083837Z
okr.doctypePublications & Research::Journal Article
okr.identifier.doi10.1093/wbro/lkab001
okr.identifier.doihttp://dx.doi.org/10.1596/40038
okr.journal.nbpages41-66
okr.language.supporteden
okr.region.geographicalWorld
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.volume36 (1)
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