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. First, the COVID-19 shock has been severe and widespread across firms, with persistent negative impact on sales. Second, the … employment adjustment has operated mostly along the intensive margin (that is leave of absence and reduction in hours), with a … about the future, especially among firms that have experienced a larger drop in sales, which is associated with job losses …
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The size of the economic shocks triggered by the COVID-19 pandemic and the effects of the associated non-pharmaceutical interventions have not been fully assessed, because the official economic indicators have not been published. This paper provides estimates of the economic impacts of the...
Persistent link: https://www.econbiz.de/10012241218
How much an economy should invest in its physical infrastructure is a crucial question being asked by policy makers …
Persistent link: https://www.econbiz.de/10012241222
This paper analyzes the reopening process of countries in Europe and Central Asia after the first wave of the COVID-19 pandemic and provides evidence on the effects of different reopening trajectories and their timing and speed on economic recovery. The analysis indicates that countries that...
Persistent link: https://www.econbiz.de/10012434406
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Is the variation in bilateral trade flows across countries primarily due to differences in the number of exporting firms (the extensive margin) or in the average size of an exporter (the intensive margin)? And how does this affect the estimation and quantitative implications of the Melitz (2003)...
Persistent link: https://www.econbiz.de/10011947522
This paper identifies and estimates the impact of firm entry and exit on plant-level productivity in Ethiopia as part of a selection mechanism that might be driving aggregate productivity growth in cities. Specifically, the paper investigates how firms' entry and exit contribute to the pace of...
Persistent link: https://www.econbiz.de/10011794709