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

Srbinoski, Bojan and Petreski, Blagica and Petreski, Marjan (2022) The covid-19 impact on exports in North Macedonia—firm-level analysis. Economic Research-Ekonomska Istraživanja. pp. 1-28. ISSN 1331-677X

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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.

Item Type: Article
Uncontrolled Keywords: Covid-19, export, firm-level analysis
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Tourism and Hospitality
Depositing User: Prof. d-r Bojan Srbinoski
Date Deposited: 23 Sep 2022 11:42
Last Modified: 23 Sep 2022 11:42

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