Covid-19 and Firms: Productivity and Government Policies

Cezar Santos, Nicholas Kozeniauskas and Pedro Moreira

No 15156, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: This paper investigates how the Covid-19 pandemic has affected firms and which firms have benefited from government support. Using a panel survey of Portuguese firms conducted during the pandemic matched with pre-Covid administrative data, the results show that the shock was large, but heterogeneous across firms. Though most firms experienced declines in sales, high productivity firms were more likely to remain open, less likely to cut employment and made less use of government support.

Date: 2020-08
New Economics Papers: this item is included in nep-eff and nep-sbm
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