COVID-19 wage subsidies and SME performance: evidence from Russia

Kuchakov, Ruslan; Skougarevskiy, Dmitriy

Kuchakov, Ruslan; Skougarevskiy, Dmitriy.

Applied Economics Letters ; 30(6):790-795, 2023.

Article in English | ProQuest Central | ID: covidwho-2267358

ABSTRACT

ABSTRACT

We study the effects of COVID-19 wage subsidies offered to Russian SMEs. This programme disbursed over USD400m of monthly grants to cover wage bills to firms in COVID-affected industries under the condition of retaining employment in 2020. In a triple difference design we find no effects of such grants on survival, employment, or profitability of firms in the affected industries by early 2021.

Keywords

Business And Economics, COVID-19, wage subsidies, active labour market programmes, Profitability, Subsidies, Employment, Grants, Russia

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Full text: Available Collection: Databases of international organizations Database: ProQuest Central Language: English Journal: Applied Economics Letters Year: 2023 Document Type: Article

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