The Impact of COVID-19 on Formal Firms : Evidence from Uganda
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 Uganda, which vary the duration of the lockdown and the relative impact across sectors.
| Main Authors: | , , , |
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| Format: | Brief biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020-08
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| Subjects: | CORONAVIRUS, COVID-19, PANDEMIC IMPACT, WAGE SUBSIDY, TAX REVENUE, FIRM PRODUCTIVITY, FIRM EXIT, UNEMPLOYMENT, |
| Online Access: | http://documents.worldbank.org/curated/en/118401598016883716/The-Impact-of-COVID-19-on-Formal-Firms-Evidence-from-Uganda http://hdl.handle.net/10986/34391 |
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| 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 Uganda, which vary the duration of the lockdown and the
relative impact across sectors. |
|---|