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COVID-19 in Central America: effects of firm resilience and policy responses on employment

Author

Listed:
  • Beatriz Calzada Olvera
  • Mario Gonzalez-Sauri
  • Federico Louvin
  • David-Alexander Harings Moya

Abstract

With data from the World Bank Enterprise Survey, this paper examines how firm-level resilience capabilities interact with government support in the reduction of lay-offs among formal firms in Central America. We estimate two latent variables to approximate resilience-related capabilities before (static) and after (dynamic) the COVID-19 pandemic. We create four counterfactual groups using a Markov chain Monte Carlo simulation to assess which resilience capabilities help firms cope better, with and without government support.

Suggested Citation

  • Beatriz Calzada Olvera & Mario Gonzalez-Sauri & Federico Louvin & David-Alexander Harings Moya, 2021. "COVID-19 in Central America: effects of firm resilience and policy responses on employment," WIDER Working Paper Series wp-2021-166, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2021-166
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    References listed on IDEAS

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    1. Atanu Sengupta & Sanjoy De, 2020. "Review of Literature," India Studies in Business and Economics, in: Assessing Performance of Banks in India Fifty Years After Nationalization, chapter 0, pages 15-30, Springer.
    2. Kamalahmadi, Masoud & Parast, Mahour Mellat, 2016. "A review of the literature on the principles of enterprise and supply chain resilience: Major findings and directions for future research," International Journal of Production Economics, Elsevier, vol. 171(P1), pages 116-133.
    3. Howard Kunreuther & Adam Rose (ed.), 2004. "The Economics of Natural Hazards," Books, Edward Elgar Publishing, volume 0, number 2530.
    4. World Bank, 2012. "Better Jobs in Central America : The Role of Human Capital," World Bank Publications - Reports 11924, The World Bank Group.
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