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Firms around the World during the COVID-19 Pandemic

Author

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  • Waldkirch, Andreas

    (Colby College, USA)

Abstract

This study uses the COVID-19 follow-up surveys to the World Bank's Enterprise Surveys (ES) to analyze the impact of the COVID-19 pandemic on firms around the world. The surveyed countries are selected from those in which the regular ES was recently conducted. This study finds that the pandemic’s impact has been swift, large, and heterogeneous. The pandemic’s negative effects on exports are greater than those on domestic sales and are also greater for foreign-owned firms that rely more on global value chains. The pandemic’s effects are very heterogeneous across countries and sectors.

Suggested Citation

  • Waldkirch, Andreas, 2021. "Firms around the World during the COVID-19 Pandemic," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 36(1), pages 3-19.
    • Handle: RePEc:ris:integr:0817
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    Citations

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    Cited by:

    1. Floriana Borino & Eric Carlson & Valentina Rollo & Olga Solleder, 2024. "International firms and COVID-19: evidence from a global survey," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 160(3), pages 1117-1150, August.
    2. Wagner Joachim, 2024. "Exports and Firm Survival in Times of COVID-19 – Evidence from Eight European Countries," Review of Economics, De Gruyter, vol. 75(1), pages 63-70, April.
    3. Joachim Wagner, 2022. "Firm survival and gender of firm owner in times of COVID-19 Evidence from 10 European countries," Working Paper Series in Economics 409, University of Lüneburg, Institute of Economics.
    4. Sass, Magdolna & Gál, Zoltán & S. Gubik, Andrea & Szunomár, Ágnes & Túry, Gábor, 2022. "A koronavírus-járvány kezelése a külföldi tulajdonú magyarországi vállalatoknál [The effects and handling of the Covid-19 pandemic by foreign-owned firms in Hungary]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 758-780.
    5. Joachim Wagner, 2022. "Firm Survival and Gender of Firm Owner in Times of COVID-19: Evidence from 10 European Countries," Economies, MDPI, vol. 10(5), pages 1-8, April.
    6. Wagner, Joachim, 2023. "Exports and firm survival in times of COVID-19: Evidence from eight European countries," KCG Working Papers 29, Kiel Centre for Globalization (KCG).
    7. Joachim Wagner, 2021. "With a little help from my website. Firm survival and web presence in times of COVID-19 – Evidence from 10 European countries," Economics Bulletin, AccessEcon, vol. 41(3), pages 1898-1906.
    8. Joachim Wagner, 2021. "With a little help from my website Firm survival and web presence in times of COVID-19 – Evidence from 10 European countries," Working Paper Series in Economics 399, University of Lüneburg, Institute of Economics.
    9. Sónia P. Gonçalves & Joana Vieira dos Santos & Isabel S. Silva & Ana Veloso & Catarina Brandão & Rita Moura, 2021. "COVID-19 and People Management: The View of Human Resource Managers," Administrative Sciences, MDPI, vol. 11(3), pages 1-13, July.
    10. Janzen, Benedikt & Radulescu, Doina, 2022. "Effects of COVID-19 related government response stringency and support policies: Evidence from European firms," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 129-145.

    More about this item

    Keywords

    COVID-19; trade; multinationals; integration; firms;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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