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

dc.contributor.author Cirera, Xavier
dc.contributor.author Cruz, Marcio
dc.contributor.author Davies, Elwyn
dc.contributor.author Grover, Arti
dc.contributor.author Iacovone, Leonardo
dc.contributor.author Lopez Cordova, Jose Ernesto
dc.contributor.author Medvedev, Denis
dc.contributor.author Okechukwu Maduko, Franklin
dc.contributor.author Nayyar, Gaurav
dc.contributor.author Reyes Ortega, Santiago
dc.contributor.author Torres, Jesica
dc.date.accessioned 2021-01-14T15:22:22Z
dc.date.available 2021-01-14T15:22:22Z
dc.date.issued 2021-01
dc.description.abstract 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. en
dc.identifier http://documents.worldbank.org/curated/en/188461610547807479/Policies-to-Support-Businesses-through-the-COVID-19-Shock-A-Firm-Level-Perspective
dc.identifier.uri http://hdl.handle.net/10986/35012
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper;No. 9506
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo
dc.subject CORONAVIRUS
dc.subject COVID-19
dc.subject PANDEMIC RESPONSE
dc.subject BUSINESS SUPPORT
dc.subject FIRM PERSPECTIVE
dc.subject UNCERTAINTY
dc.subject PUBLIC SUPPORT POLICY
dc.subject ACCESS TO FINANCE
dc.subject SMALL AND MEDIUM SIZE ENTERPRISE
dc.title Policies to Support Businesses through the COVID-19 Shock en
dc.title.subtitle A Firm-Level Perspective en
dc.type Working Paper en
dc.type Document de travail fr
dc.type Documento de trabajo es
dspace.entity.type Publication
okr.date.disclosure 2021-01-13
okr.doctype Publications & Research
okr.doctype Publications & Research :: Policy Research Working Paper
okr.docurl http://documents.worldbank.org/curated/en/188461610547807479/Policies-to-Support-Businesses-through-the-COVID-19-Shock-A-Firm-Level-Perspective
okr.identifier.doi 10.1596/1813-9450-9506
okr.identifier.externaldocumentum 090224b08831648d_3_0
okr.identifier.internaldocumentum 32745979
okr.identifier.report WPS9506
okr.imported true en
okr.language.supported en
okr.pdfurl http://documents.worldbank.org/curated/en/188461610547807479/pdf/Policies-to-Support-Businesses-through-the-COVID-19-Shock-A-Firm-Level-Perspective.pdf en
okr.statistics.combined 3913
okr.statistics.dr 188461610547807479
okr.statistics.drstats 1406
okr.topic Health, Nutrition and Population :: Disease Control & Prevention
okr.topic Private Sector Development :: Business Development Services
okr.topic Private Sector Development :: Private Sector Economics
okr.topic Social Protections and Labor :: Employment and Unemployment
okr.topic Social Protections and Labor :: Labor Policies
okr.unit Finance, Competitiveness and Innovation Global Practice
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