Productivity and responses to the pandemic: Firm-level evidence

Péter Harasztosi and Simon Savšek

No 2022/09, EIB Working Papers from European Investment Bank (EIB)

Abstract: In this paper, we empirically assess repercussions of the pandemic on the firm-level productivity worldwide. COVID-19 shock was very heterogeneous across sectors. Our findings show that firms' responses to the shock also varied within sectors: more productive firms coped with the crisis better in terms of closures and employment adjustments. Besides, they were more likely to speed up some digitalization processes. These findings imply that the recent crisis could amplify the difference between highly productive and less productive firms. As regards the governments' policy measures, we find strong utilization at the firm level, but very little differentiation across productivity quantiles, suggesting room for a more targeted approach in the reminder of the pandemic.

Keywords: Covid-19; Productivity; Enterprise Survey (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-bec, nep-eff and nep-sbm
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:eibwps:202209

DOI: 10.2867/011145

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