Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/289984 
Year of Publication: 
2022
Series/Report no.: 
IDB Working Paper Series No. IDB-WP-1347
Publisher: 
Inter-American Development Bank (IDB), Washington, DC
Abstract: 
The pandemic hit the Colombian economy as hard as other countries. Using a novel Business Pulse Survey, this paper tests the effect of government support and COVID-19 cases on firms' performance. A one-standard-deviation increase in government support (in periods in which the pandemic's intensity was average) increased the percentage of firms reporting normal operations by 4.8 percent. Political demonstrations in spring 2021, however, reduced the percentage by 13 percent each month they lasted. Firms' financial distress also counters the impact of government support, suggesting the need to ease firms' access to financial markets. Last, we show that investing in digital solutions improved firms' performance but remote work degraded it.
Subjects: 
COVID-19
Firm performance
Policies
Working from home
JEL: 
D22
L20
L25
O10
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.