COVID-19 and Firms: Productivity and Government Policies

33 Pages Posted: 18 Aug 2020

See all articles by Nicholas Kozeniauskas

Nicholas Kozeniauskas

Bank of Portugal - Research Department

Pedro Moreira

Bank of Portugal

Cezar Santos

Getulio Vargas Foundation (FGV) - FGV/EPGE Escola Brasileira de Economia e Finan├žas

Date Written: August 1, 2020

Abstract

This paper investigates how the COVID-19 pandemic has affected firms and which firms have benefited from government support. Using a panel survey of Portuguese firms conducted during the pandemic matched with pre-COVID administrative data, the results show that the shock was large, but heterogeneous across firms. Though most firms experienced declines in sales, high productivity firms were more likely to remain open, less likely to cut employment and made less use of government support.

Suggested Citation

Kozeniauskas, Nicholas and Moreira, Pedro and Santos, Cezar, COVID-19 and Firms: Productivity and Government Policies (August 1, 2020). CEPR Discussion Paper No. DP15156, Available at SSRN: https://ssrn.com/abstract=3674945

Nicholas Kozeniauskas (Contact Author)

Bank of Portugal - Research Department ( email )

Av. Almirante Reis 71, 6th
Lisbon 1150-012
Portugal

Pedro Moreira

Bank of Portugal ( email )

Rua Francisco Ribeiro, 2
Lisbon, 1150-165
Portugal

Cezar Santos

Getulio Vargas Foundation (FGV) - FGV/EPGE Escola Brasileira de Economia e Finan├žas ( email )

Praia de Botafogo 190/1125, CEP
Rio de Janeiro RJ 22253-900
Brazil

HOME PAGE: http://sites.google.com/site/czrsantos

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