Coping and recovery strategies of MSMEs in the Laguna one year after COVID19

Emmanuel Genesis Andal, Amelia L. Bello and Ma. Angeles O. Catelo
Additional contact information
Emmanuel Genesis Andal: University of the Philippines
Amelia L. Bello: University of the Philippines
Ma. Angeles O. Catelo: University of the Philippines

Philippine Review of Economics, 2021, vol. 58, issue 1 and 2, 241-263

Abstract: This paper investigates the coping strategies employed by sample micro, small, or medium enterprises (MSMEs) in Laguna using the SME Competitiveness Grid framework developed by the International Trade Centre (ITC). The paper finds that sample MSMEs in Laguna did not find it easy to access MSME assistance programs, and that many are not even aware that such assistance programs exist. However, most MSMEs were found to be flexible and innovative when it comes to their coping strategies; the most common are through using online platforms and customizing or making new products. The paper also finds that assistance on reduction of fixed and operating costs, improvements in credit access, and greater ease in doing business are the most desired forms of government intervention, consistent with the findings of earlier surveys.

Keywords: COVID-19; MSME; Laguna (search for similar items in EconPapers)
JEL-codes: I15 I18 O17 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://pre.econ.upd.edu.ph/index.php/pre/article/view/1016/927 (application/pdf)

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:phs:prejrn:v:58:y:2021:i:1and2:p:241-263

Access Statistics for this article

More articles in Philippine Review of Economics from University of the Philippines School of Economics and Philippine Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by HR Rabe ().