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Journal of Economic Integration 2021 March;36(1) :3-19.
DOI: https://doi.org/10.11130/jei.2021.36.1.3
Firms around the World during the COVID-19 Pandemic

Andreas Waldkirch 

Colby College, USA
Corresponding Author: Andreas Waldkirch ,Email: andreas.wwaldkirch@colby.edu
Copyright ©2021 Journal of Economic Integration
ABSTRACT
This study uses the COVID-19 follow-up surveys to the World Bank's Enterprise Surveys (ES) to analyze the impact of the COVID-19 pandemic on firms around the world. The surveyed countries are selected from those in which the regular ES was recently conducted. This study finds that the pandemic’s impact has been swift, large, and heterogeneous. The pandemic’s negative effects on exports are greater than those on domestic sales and are also greater for foreign-owned firms that rely more on global value chains. The pandemic’s effects are very heterogeneous across countries and sectors.

JEL Classification
F14: Empirical Studies of Trade
F23: Multinational Firms; International Business
O57: Comparative Studies of Countries
Keywords: COVID-19 | trade | multinationals | integration | firms
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