The impact of COVID-19 on small and medium-sized enterprises in Armenia: Evidence from a labor force survey

Mane Beglaryan () and Gayane Shakhmuradyan
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Mane Beglaryan: American University of Armenia: Yerevan, https://orcid.org/0000-0002-9909-6254

Small Business International Review, 2020, vol. 4, issue 2, e298

Abstract: This paper assesses the impact of COVID-19 pandemic on small and medium-sized enterprises in Armenia. The analysis of representative nationwide survey data reveals that as compared with large-company employees, SME employees are more affected by the crisis, having been laid off or having reduced work hours and pay. Logistic regression results show that being employed by an SME doubles the likelihood of layoff and pay reduction. There is also support for the hypotheses that employees in sectors which allow for remote work, e.g., education and information and communication services, as well as those who have medium to high professional qualifications, have been less affected by the crisis. The findings call for more targeted government assistance to SMEs and low-skilled workers.

Keywords: COVID-19 pandemic; crisis; SMEs; employment; industry; occupation (search for similar items in EconPapers)
JEL-codes: J21 J63 M21 M51 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:aaz:sbir01:sbir01:v:4:y:2020:i:2:p:e298

DOI: 10.26784/sbir.v4i2.298

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