The covid-19 impact on exports in North Macedonia—firm-level analysis

Ekonomska Istraživanja

Blagica Petreski¹  Bojan Srbinoski²  Marjan Petreski² 

[1] Policy Institute, Skopje, North Macedonia;;Finance Think—Economic Research &

关键词: COVID-19;    export;    firm-level analysis;    D22;    F10;    L60;   

DOI  :  10.1080/1331677X.2022.2063918

来源: DOAJ

【 摘 要 】

Exports experienced extraordinary growth rates during the last decade in North Macedonia capturing above 50% share of the country’s GDP. However, the COVID-19 crisis interrupted the positive export series imposing various constraints in multiple dimensions on export-oriented firms. This study explores the multidimensionality of the COVID-19 impact on exporters in North Macedonia. We find that COVID-19 caused a systematic slowdown in the exporters’ revenue, profit, investment, capital, employment and salaries growth rates. Moreover, the limited access to finance, import exposure to EU markets, high labour-intensity, export exposure to non-EU markets and lower competitiveness make exporters less resilient to the pandemic shocks representing the main obstacles exporters are/will be facing in the recovery stage.

【 授权许可】

Unknown