Resilience to Shocks of Micro, Small, and Medium-Sized Enterprises in Fiji

William Greenland () and Russell Toth ()
Additional contact information
William Greenland: University of Sydney
Russell Toth: University of Sydney

No 765, ADB Economics Working Paper Series from Asian Development Bank

Abstract: This paper examines the resilience of micro, small, and medium-sized enterprises (MSMEs) in Fiji against the economic impacts of major shocks including the coronavirus disease (COVID-19) pandemic and climate-related hazards, using a survey of 2,400 MSMEs from early 2023. The analysis focuses on the effectiveness of government concessional loans in aiding pandemic recovery and evaluates MSMEs’ strategies for climate resilience. Findings indicate that while government support has been pivotal in mitigating pandemic-related economic downturns, its effectiveness is varied, highlighting the necessity of accessible and targeted financial support. Furthermore, experiences with natural hazards significantly influence MSMEs’ future resilience strategies, with a notable preference for self-funding recovery efforts among MSMEs that had experienced a significant climate-related disaster. The study underscores the importance of integrating immediate financial support with long-term climate adaptation strategies for MSMEs, offering insights for policy formulation aimed at enhancing economic resilience in emerging markets in the Pacific and beyond.

Keywords: micro; small; and medium-sized enterprises; COVID-19 pandemic; concessional loans; climate resilience; Fiji (search for similar items in EconPapers)
JEL-codes: L53 O56 Q54 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2025-01-29
New Economics Papers: this item is included in nep-ent, nep-env and nep-sbm
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.adb.org/publications/resilience-shocks-msmes-fiji Full text (text/html)

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:ris:adbewp:0765

Access Statistics for this paper

More papers in ADB Economics Working Paper Series from Asian Development Bank 6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines. Contact information at EDIRC.
Bibliographic data for series maintained by Orlee Velarde ().