The Impact of COVID-19 on Formal Firms in Honduras

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dc.creatorBachas, Pierre
dc.creatorBrockmeyer, Anne
dc.creatorSemelet, Camille
dc.date2021-02-02T15:13:12Z
dc.date2021-02-02T15:13:12Z
dc.date2021-01
dc.date.accessioned2026-07-01T00:40:00Z
dc.descriptionWe measure the impact of the COVID-19 (coronavirus) crisis and the resulting lockdown on formal firms in Honduras, using monthly value-added tax records for January 2018 to August 2020. Firms' revenue fell by 26 percent, or 342.6 billion lempiras (USD 14.3 billion), in real terms between March and August 2020 and the same period in 2019. Sectors subject to stricter containment measures experienced larger revenue losses. The service sector was the most severely affected, experiencing a 45 percent revenue loss. Larger firms experienced smaller revenue losses than smaller firms, even when accounting for the sectoral composition of firm-size groups. A non-negligible number of firms remained shut down until the end of available data in August 2020.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/326461611769500203/The-Impact-of-COVID-19-on-Formal-Firms-in-Honduras-Evidence-from-Monthly-Tax-Returns
dc.identifierhttps://hdl.handle.net/10986/35093
dc.identifierhttps://doi.org/10.1596/35093
dc.identifier.urihttp://hdl.handle.net/123456789/408695
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationMTI Practice Notes;
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectCOVID-19
dc.subjectCORONAVIRUS
dc.subjectPANDEMIC IMPACT
dc.subjectFORMAL FIRM PERFORMANCE
dc.subjectTAX RETURNS
dc.subjectVALUE ADDED TAX
dc.subjectSALES REVENUE
dc.subjectECONOMIC SHOCK
dc.titleThe Impact of COVID-19 on Formal Firms in Honduras
dc.titleEvidence from Monthly Tax Returns
dc.typeBrief
dc.typeFiche
dc.typeResumen

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