연구정보
[정책] COVID-19 in Central America: effects of firm resilience and policy responses on employment
중남미 일반 국외연구자료 연구보고서 - WIDER 발간일 : 2021-11-10 등록일 : 2021-11-18 원문링크
With data from the World Bank Enterprise Survey, this paper examines how firm-level resilience capabilities interact with government support in the reduction of lay-offs among formal firms in Central America.
We estimate two latent variables to approximate resilience-related capabilities before (static) and after (dynamic) the COVID-19 pandemic. We create four counterfactual groups using a Markov chain Monte Carlo simulation to assess which resilience capabilities help firms cope better, with and without government support.
We find that support policies play a marginal role among most groups, except in the dynamic resilient group, where receiving government support does shrink the probability of lay-offs.
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