 The economic impact of COVID-19 on Spanish firms according to the Banco de España Business Activity Survey (EBAE)Alejandro Fernandez Cerezo, Beatriz González, Mario Izquierdo () and Enrique Moral-Benito Economic Bulletin, 2021, issue 1/2021, No 04 Abstract: The COVID-19 health crisis had a highly uneven impact across sectors and regions in 2020. However, there is hitherto little evidence regarding the heterogeneous impact of the crisis on different firms within each sector and region. This article provides an initial description of the characteristics determining how severely firms have been affected by the pandemic. To this end, it uses the responses (just over 4,000) given in the first round of the Banco de España Business Activity Survey (EBAE), launched in November 2020. The results show that turnover and employment declined more markedly at smaller-sized firms. Moreover, within each sector and region, the crisis has had more adverse effects on younger firms, less productive firms and those located in urban areas. In the case of jobs, higher temporary employment ratios are associated with larger reductions in employment. Keywords: COVID-19; business survey; employment; turnover. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bde:journl:y:2021:i:03:d:aa:n:04 Access Statistics for this article More articles in Economic Bulletin from Banco de España Contact information at EDIRC. |
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