Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/260368 
Year of Publication: 
2022
Series/Report no.: 
EIB Working Papers No. 2022/09
Publisher: 
European Investment Bank (EIB), Luxembourg
Abstract: 
In this paper, we empirically assess repercussions of the pandemic on the firm-level productivity worldwide. COVID-19 shock was very heterogeneous across sectors. Our findings show that firms' responses to the shock also varied within sectors: more productive firms coped with the crisis better in terms of closures and employment adjustments. Besides, they were more likely to speed up some digitalization processes. These findings imply that the recent crisis could amplify the difference between highly productive and less productive firms. As regards the governments' policy measures, we find strong utilization at the firm level, but very little differentiation across productivity quantiles, suggesting room for a more targeted approach in the reminder of the pandemic.
Subjects: 
Covid-19
Productivity
Enterprise Survey
Persistent Identifier of the first edition: 
ISBN: 
978-92-861-5332-7
Document Type: 
Working Paper

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