Small Firms and the Pandemic: Evidence From Latin America

Christopher Neilson, Maria Guerrero, John Humphries, Naomi Shimberg and Gabriel Ulyssea
Additional contact information
Maria Guerrero: UCLA
Naomi Shimberg: Yale University
Gabriel Ulyssea: UCL

Working Papers from Princeton University, Department of Economics, Industrial Relations Section.

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.

Keywords: COVID-19; small business; Latin America (search for similar items in EconPapers)
JEL-codes: D22 I10 (search for similar items in EconPapers)
Date: 2021-10
New Economics Papers: this item is included in nep-ent, nep-hea, nep-iue and nep-lam
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Journal Article: Small firms and the pandemic: Evidence from Latin America (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:pri:indrel:651

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