THE IMPACT OF COVID-19 PANDEMIC ON THE EXPORT COMPETITIVENESS OF MANUFACTURING FIRMS IN CROATIA

Nebojsa Stojcic

Economic Thought and Practice, 2020, vol. 29, issue 2, 347-366

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 the period following the 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.

Keywords: COVID-19; manufacturing; Croatia; export (search for similar items in EconPapers)
JEL-codes: F10 F17 I12 I15 L60 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://hrcak.srce.hr/clanak/360825 (application/pdf)

Related works:
Working Paper: The impact of Covid-19 pandemic on the export competitiveness of manufacturing firms in Croatia (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:avo:emipdu:v:29:y:2020:i:2:p:347-366

Ordering information: This journal article can be ordered from
Economic Thought and Practice, University of Dubrovnik, Branitelja Dubrovnika 29, 20000 Dubrovnik
https://emip.unidu.hr/

DOI: 10.17818/EMIP/2020/2.2

Access Statistics for this article

Economic Thought and Practice is currently edited by Nebojsa Stojcic

More articles in Economic Thought and Practice from Department of Economics and Business, University of Dubrovnik Contact information at EDIRC.
Bibliographic data for series maintained by Nebojsa Stojcic ().