Firm Recovery and Covid-19: Productivity, Competition and the Digital Divide

Thursday, January 27, 2022 at 13:00-14:00 Vienna time (CET) 

Ms. Dorothe Singer, World Bank
Mr. Leonardo Iacovone, World Bank

Mr. Rilind Kabashi, Economist, Joint Vienna Institute

Many of the unprecedented set of policy measures in response to the Covid-19 crisis focused on providing support to the corporate sector. What has been the impact of the pandemic and these policy measures on firms in the JVI region and what are the challenges in the period ahead? An important issue is the role of competition during the crisis and recovery, since it is key for productivity, and consequently economic growth. Will the Covid-19 crisis result in a pattern of “creative destruction”, simply widespread destruction or a reallocation of activity to firms with greater market power or political connections, which would be detrimental to productivity growth? Will government support measures adversely affect competition and productivity growth? The webinar will address these questions.

The webinar will also discuss the challenges firms face related to high uncertainty and financial fragility and the risk of a “jobless” recovery, as well as the implications of the heterogeneous impact of the crisis and responses among firms, as larger and more productive firms are recovering faster. Finally, particular attention will be paid to the implications of a widening digital divide between small and large firms in the wake of the pandemic.

The webinar will be held in English.

Participants are encouraged to ask written questions to the presenters using the webinar’s Q&A feature.

To participate in the webinar please sign up here.

A list of JVI webinars on topical issues in the field of financial stability, fiscal policy, and macroeconomics can be found here.

The schedule of JVI courses – including virtual courses – can be found here.

We look forward to continuing our engagement with you!

Hervé Joly, Director (JVI)

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