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The Impact of COVID-19 on Formal Firms : Evidence from Ethiopia (English)

The COVID19 (coronavirus) pandemic and associated containment measures are expected to cause far-reaching damage to economies around the world. Firms are suffering from reduced demand due to movement restrictions, from reduced labor supply and from constraints to sourcing material inputs. The breakup of otherwise healthy businesses in response to a temporary shock implies large social costs. Governments are therefore intent on designing emergency policies to keep businesses afloat. In this brief, the authors present simulations using firm-level tax records from Ethiopia, which vary the duration of the lockdown and the relative impact across sectors.

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Citation

Bachas,Pierre Jean Brockmeyer,Anne Harris,Tom Semelet,Camille Marine

The Impact of COVID-19 on Formal Firms : Evidence from Ethiopia (English). MTI Practice Note,no. 9D Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/212611598012154194/The-Impact-of-COVID-19-on-Formal-Firms-Evidence-from-Ethiopia