Cross-country evidence on the allocation of COVID-19 government subsidies and consequences for productivity.
J Jpn Int Econ
; 68: 101246, 2023 Jun.
Article
in English
| MEDLINE | ID: covidwho-2180697
ABSTRACT
We study the consequences of the Covid-19 pandemic and related policy support on productivity. We employ an extensive micro-distributed exercise to access otherwise unavailable individual data on firm performance and government subsidies. Our cross-country evidence for five EU countries shows that the pandemic led to a significant short-term decline in aggregate productivity and the direct support to firms had only a limited positive effect on productivity developments. A thorough comparative analysis of the distribution of employment and overall direct subsidies, considering separately also relative firm-level size of support and the probability of being supported, reveals ambiguous cross-country results related to the firm-level productivity and points to the decisive role of other firm characteristics.
Full text:
Available
Collection:
International databases
Database:
MEDLINE
Type of study:
Randomized controlled trials
Language:
English
Journal:
J Jpn Int Econ
Year:
2023
Document Type:
Article
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