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2023-12-01

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cc-by-nc-nd (c) Elsevier, 2023
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/217276

Rescue policies for small businesses in the COVID-19 recession

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https://doi.org/10.1016/j.red.2023.06.003

Abstract

While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, investment, factor reallocation, and macroeconomic outcomes. This paper builds a general equilibrium model with heterogeneous and financially constrained firms in order to evaluate the short- and long-term consequences of small firm rescue programs in a pandemic recession (...)

Subject

Ajuda econòmica, COVID-19, Petita i mitjana empresa, Política econòmica

Subject (English)

Economic assistance, COVID-19, Small business, Economic policy

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Articles publicats en revistes (Economia)

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DI NOLA, Alessandro, KAAS, Leo and WANG, Haomin. Rescue policies for small businesses in the COVID-19 recession. Review Of Economic Dynamics. 2023. Vol. 51, num. 579-603. ISSN 1094-2025. [consulted: 18 of June of 2026]. Available at: https://hdl.handle.net/2445/217276

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