Comment – Public Support to Companies in Times of Crisis: The Value of Microsimulations based on Company Data

Commentaire. Aider les entreprises en période crise: l’intérêt des microsimulations sur données d’entreprises / Public Support to Companies in Times of Crisis: The Value of Microsimulations based on Company Data

Xavier Ragot

SciencePo Working papers Main from HAL

Abstract: The use of company data to simulate the effect of an economic shock or a public policy is a new method of ex ante forecasting and evaluation of public policies. Microsimulations are based on assumptions about the behaviour of firms, which can be discussed. However, as the three articles in this thematic section show, microsimulations allow us to identify the characteristics of firms that best capture their trajectory. During the crisis, the sector of activity proved to be the primary factor. Pre-crisis liquidity and productivity levels of firms then explain the fragility of firms within each sector. These simulations then show that public support has been fairly well targeted, and that the least productive companies have not been particularly helped. The possible overcompensation of sectors needs to be studied. It will be important to compare these simulations with the ex post evaluations, once the company data are available.

Keywords: COVID-19; Liquidity; Microsimulation; Companies (search for similar items in EconPapers)
Date: 2022-07-25
References: Add references at CitEc
Citations:

Published in Economie et Statistique / Economics and Statistics, 2022, 532-33, pp.63-69. ⟨10.24187/ecostat.2022.532.2071⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Comment – Public Support to Companies in Times of Crisis: The Value of Microsimulations based on Company Data (2022)
Working Paper: Comment – Public Support to Companies in Times of Crisis: The Value of Microsimulations based on Company Data (2022)
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:hal:spmain:hal-03949708

DOI: 10.24187/ecostat.2022.532.2071

Access Statistics for this paper

More papers in SciencePo Working papers Main from HAL
Bibliographic data for series maintained by Contact - Sciences Po Departement of Economics ().