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Policies to Support Businesses through the COVID-19 Shock : A Firm-Level Perspective / Xavier Cirera.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Cirera, Xavier.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access To Finance.
- Business Development Services.
- Business Support.
- Coronavirus.
- COVID-19.
- Disease Control and Prevention.
- Employment and Unemployment.
- Firm Perspective.
- Health, Nutrition and Population.
- Labor Policies.
- Pandemic Response.
- Private Sector Development.
- Private Sector Economics.
- Public Support Policy.
- Small and Medium Size Enterprise.
- Social Protections and Labor.
- Uncertainty.
- Local Subjects:
- Access To Finance.
- Business Development Services.
- Business Support.
- Coronavirus.
- COVID-19.
- Disease Control and Prevention.
- Employment and Unemployment.
- Firm Perspective.
- Health, Nutrition and Population.
- Labor Policies.
- Pandemic Response.
- Private Sector Development.
- Private Sector Economics.
- Public Support Policy.
- Small and Medium Size Enterprise.
- Social Protections and Labor.
- Uncertainty.
- Physical Description:
- 1 online resource (33 pages)
- Other Title:
- Policies to Support Businesses through the COVID-19 Shock
- Place of Publication:
- Washington, D.C. : The World Bank, 2021.
- System Details:
- data file
- Summary:
- 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.
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