COVID-19 in Central America: effects of firm resilience and policy responses on employment
Beatriz Calzada Olvera,
Mario Gonzalez-Sauri,
Federico Louvin and
David-Alexander Harings Moya
No wp-2021-166, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
Abstract:
With data from the World Bank Enterprise Survey, this paper examines how firm-level resilience capabilities interact with government support in the reduction of lay-offs among formal firms in Central America. We estimate two latent variables to approximate resilience-related capabilities before (static) and after (dynamic) the COVID-19 pandemic. We create four counterfactual groups using a Markov chain Monte Carlo simulation to assess which resilience capabilities help firms cope better, with and without government support.
Keywords: Capabilities; Resilience; COVID-19; Central America; Government action; Firms (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2021-166
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