Guerrero-Amezaga, Maria Elena;
Humphries, John Eric;
Neilson, Christopher A;
Shimberg, Naomi;
Ulyssea, Gabriel;
(2022)
Small firms and the pandemic: Evidence from Latin America.
Journal of Development Economics
, 155
, Article 102775. 10.1016/j.jdeveco.2021.102775.
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Abstract
This paper studies the effects of the COVID-19 pandemic on small businesses between March and November 2020 using new survey data on 35,000 small businesses in eight Latin American countries. We document that the pandemic had large negative impacts on employment and beliefs regarding the future, which in turn predict meaningful economic outcomes in the medium-term. Despite the unprecedented amount of aid, policies had limited impact for small and informal firms. These firms were less aware of programs, applied less, and received less assistance. This may have lasting consequences, as businesses that received aid reported better outcomes and expectations about the future.
| Type: | Article |
|---|---|
| Title: | Small firms and the pandemic: Evidence from Latin America |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1016/j.jdeveco.2021.102775 |
| Publisher version: | https://doi.org/10.1016/j.jdeveco.2021.102775 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | COVID-19, Small business, Latin America |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10180791 |
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