Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/238598 
Year of Publication: 
2021
Series/Report no.: 
ADBI Working Paper Series No. 1241
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
Soon after the outbreak of the COVID-19 pandemic, many governments began extending financial and other forms of support to micro, small, and medium enterprises (MSMEs) and their workers because smaller firms are more vulnerable to negative shocks to their supply chain, labor supply, and final demand for goods and services than larger firms. Since MSMEs are diverse, however, the severity of the pandemic's impact on them varies considerably depending on their characteristics. Using online survey data of MSMEs from eight developing economies in South, Southeast, and Northeast Asia, this paper attempts to deepen our understanding of the impact of the pandemic on MSMEs, especially their employment, sales revenue, and cash flow. It also characterizes those firms that began participating in online commerce and tries to determine how their use of online commerce and their employment are related in this difficult time. This paper also examines the government support that MSMEs have received and the extent to which it has satisfied their support needs.
Subjects: 
COVID-19
microsmall, and medium enterprises (MSMEs)
layoffs
cash shortage
digitalization
JEL: 
D22
J63
L25
O53
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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