Australian Government COVID‐19 Business Supports

Timothy Watson and Paul Buckingham

Australian Economic Review, 2023, vol. 56, issue 1, 124-140

Abstract: This article documents the considerable economic support provided to businesses by the Australian Government in response to the COVID‐19 pandemic. We find that measures were associated with higher levels of business profitability and savings, a strong recovery in payroll jobs and wages, and mixed effects with respect to business dynamism. We formally evaluate the SME Cashflow Boost, finding costs per job‐year saved in the vicinity of $72–83,000 ($US51–59,000) over its first year, implying between 400 and 500,000 job‐years saved over this period. Combined with results from previous studies, this suggests between 1.1 and 1.3 million job‐years were saved by the SME Cashflow Boost and JobKeeper Payment over their respective first years post‐announcement.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.1111/1467-8462.12504

Related works:
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:bla:ausecr:v:56:y:2023:i:1:p:124-140

Ordering information: This journal article can be ordered from
https://ordering.onl ... 7-8462&ref=1467-8462

Access Statistics for this article

Australian Economic Review is currently edited by John de New, Viet Hoang Nguyen and Susan Méndez

More articles in Australian Economic Review from The University of Melbourne, Melbourne Institute of Applied Economic and Social Research Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().