Policies to Support Businesses through the COVID-19 Shock

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dc.creatorLopez Cordova, Jose Ernesto
dc.creatorCirera, Xavier
dc.creatorCruz, Marcio
dc.creatorOkechukwu Maduko, Franklin
dc.creatorDavies, Elwyn
dc.creatorGrover, Arti
dc.creatorReyes Ortega, Santiago
dc.creatorIacovone, Leonardo
dc.creatorTorres, Jesica
dc.creatorMedvedev, Denis
dc.creatorNayyar, Gaurav
dc.date2021-01-14T15:22:22Z
dc.date2021-01-14T15:22:22Z
dc.date2021-01
dc.date.accessioned2026-07-01T00:39:28Z
dc.descriptionRelying on a novel dataset covering more than 120,000 firms in 60 countries, this paper con-tributes to the debate about D policies to support businesses through the COVID-19 pandemic. While governments around the world have implemented a wide range of policy support measures, evidence on the reach of these policies, the alignment of measures with firm needs, and their targeting and effectiveness remains scarce. This paper provides the most comprehensive assessment to date of these issues, focusing primarily on the developing economies. It shows that policy reach has been limited, especially for the more vulnerable firms and countries, and identifies mismatches between policies provided and policies most sought. It also provides some indicative evidence regarding mistargeting of policies and their effectiveness in addressing liquidity constraints and preventing layoffs. This assessment provides some early guidance to policymakers on tailoring their COVID-19 business support packages and points to new directions in data and research efforts needed to guide policy responses to the current pandemic and future crises.
dc.formatapplication/pdf
dc.identifierhttp://documents.worldbank.org/curated/en/188461610547807479/Policies-to-Support-Businesses-through-the-COVID-19-Shock-A-Firm-Level-Perspective
dc.identifierhttps://hdl.handle.net/10986/35012
dc.identifier10.1596/1813-9450-9506
dc.identifier.urihttp://hdl.handle.net/123456789/408482
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper;No. 9506
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC RESPONSE
dc.subjectBUSINESS SUPPORT
dc.subjectFIRM PERSPECTIVE
dc.subjectUNCERTAINTY
dc.subjectPUBLIC SUPPORT POLICY
dc.subjectACCESS TO FINANCE
dc.subjectSMALL AND MEDIUM SIZE ENTERPRISE
dc.titlePolicies to Support Businesses through the COVID-19 Shock
dc.titleA Firm-Level Perspective
dc.typeWorking Paper
dc.typeDocument de travail
dc.typeDocumento de trabajo

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