The Impact of COVID-19 on Formal Firms : Evidence from Ethiopia
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 Ethiopia, which vary the duration of the lockdown and the relative impact across sectors.
Main Authors: | , , , |
---|---|
Format: | Brief biblioteca |
Language: | English |
Published: |
World Bank, Washington, DC
2020-08
|
Subjects: | CORONAVIRUS, COVID-19, PANDEMIC IMPACT, WAGE SUBSIDY, TAX REVENUE, UNEMPLOYMENT, FIRM PRODUCTIVITY, FIRM EXIT, |
Online Access: | http://documents.worldbank.org/curated/en/212611598012154194/The-Impact-of-COVID-19-on-Formal-Firms-Evidence-from-Ethiopia http://hdl.handle.net/10986/34393 |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Summary: | 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 Ethiopia, which vary the duration of the lockdown and
the relative impact across sectors. |
---|