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The impact of Covid-19 pandemic on the export competitiveness of manufacturing firms in Croatia

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  • Stojcic, Nebojsa

Abstract

The aim of this paper is to explore the impact of Covid-19 pandemic on changes in export competitiveness of firms from Croatian manufacturing industry. The analysis is based on the data about firm behaviour in period following first wave of Covid-19 pandemic. The data was collected by World Bank during August and September 2020 and publicly released in early October 2020. The results of investigation reveal that probability of decreasing export revenues falls among firms that solved their liquidity problems through equity financing, deferred payments to workers and suppliers and with the support of public grants. Statistically significant evidence of the tax exemptions, wage subsidies and commercial banks’ loans was not found. Companies with higher level of robustness to external shocks have lower probability of decreasing export revenues. The impact of introduction or implementation of online sales on export revenues is negative. Results of investigation may serve for formulation of economic policies in similar future cases.

Suggested Citation

  • Stojcic, Nebojsa, 2020. "The impact of Covid-19 pandemic on the export competitiveness of manufacturing firms in Croatia," MPRA Paper 109135, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:109135
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    References listed on IDEAS

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    4. Hassan, Tarek & Hollander, Stephan & van Lent, Laurence & Schwedeler, Markus & Tahoun, Ahmed, 2020. "Firm-Level Exposure to Epidemic Diseases: Covid-19, SARS, and H1N1," CEPR Discussion Papers 14573, C.E.P.R. Discussion Papers.
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    Cited by:

    1. Ivana MARINOVIC MATOVIC & Andjela LAZAREVIC, 2021. "Business Revenue And Job Retention During Covid-19 Crisis In Manufacturing Sector In Serbia," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(5), pages 113-128, October.

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    More about this item

    Keywords

    Covid-19; manufacturing; Croatia; export;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • H84 - Public Economics - - Miscellaneous Issues - - - Disaster Aid
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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