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COVID-19 and the Performance of Exporting Companies in Benin

Author

Listed:
  • Augustin F. C. Chabossou

    (Université d’Abomey-Calavi
    Université d’Abomey-Calavi)

  • Gbêtondji Melaine Armel Nonvide

    (Université d’Abomey-Calavi
    Université d’Abomey-Calavi)

  • Boris O. K. Lokonon

    (Université d’Abomey-Calavi
    Université de Parakou)

  • Cocou Jaurès Amegnaglo

    (Université d’Abomey-Calavi
    Université Nationale d’Agriculture)

  • Laurent G. Akpo

    (Université d’Abomey-Calavi)

Abstract

This paper assesses the effect of the COVID-19 pandemic on the performance of exporting companies in Benin. It also identifies factors that explain the perceived effect of COVID-19 on the companies’ performance. To do this, we used a survey data covering 122 micro, small, and medium enterprises (MSMEs) and micro, small, and medium industry (MSMIs) in four communes in Benin. Firstly, we computed the annual rate change in quarterly turnover to capture the effect of the COVID-19. Secondly, a multiple regression was estimated to identify factors explaining the perceived effect of the COVID-19 on the exporting companies. We found that the exporting companies experience on average a 53.308% drop in quarterly turnover in 2020 probably due to the COVID-19 crisis. Based on the forecasts, the results also revealed a very slow recovery in activities but the rate of change will remain negative until 2021 if nothing is done to support the MSMEs/MSMIs. Finally, we found that the perceived effect of the COVID-19 depends on the level of education of head of the companies, on the experience in exportation, and on the organization of the work because of the pandemic. Our findings suggest the necessity for public policy support toward the MSMEs/MSMIs to contain the effect of the pandemic in Benin.

Suggested Citation

  • Augustin F. C. Chabossou & Gbêtondji Melaine Armel Nonvide & Boris O. K. Lokonon & Cocou Jaurès Amegnaglo & Laurent G. Akpo, 2022. "COVID-19 and the Performance of Exporting Companies in Benin," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 34(2), pages 828-842, April.
    • Handle: RePEc:pal:eurjdr:v:34:y:2022:i:2:d:10.1057_s41287-021-00395-z
    DOI: 10.1057/s41287-021-00395-z
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    References listed on IDEAS

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    1. Giovanni Valensisi, 2020. "COVID-19 and Global Poverty: Are LDCs Being Left Behind?," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 32(5), pages 1535-1557, December.
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    3. Carole Maurel, 2009. "Determinants of export performance in French wine SMEs," Post-Print hal-01990706, HAL.
    4. Evans, Olaniyi, 2020. "Socio-economic impacts of novel coronavirus: The policy solutions," BizEcons Quarterly, Strides Educational Foundation, vol. 7, pages 3-12.
    5. Catherine Buffington & Carrie Dennis & Emin Dinlersoz & Lucia Foster & Shawn Klimek, 2020. "Measuring the Effect of COVID-19 on U.S. Small Businesses: The Small Business Pulse Survey," Working Papers 20-16, Center for Economic Studies, U.S. Census Bureau.
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    Cited by:

    1. Onjewu, Adah-Kole Emmanuel & Olan, Femi & Nyuur, Richard Benon-be-isan & Paul, Salima & Nguyen, Ha Thanh Truc, 2023. "The effect of government support on Bureaucracy, COVID-19 resilience and export intensity: Evidence from North Africa," Journal of Business Research, Elsevier, vol. 156(C).
    2. Chen, Yutong & Debnath, Sisir & Sekhri, Sheetal & Sekhri, Vishal, 2023. "The impact of Covid-19 containment lockdowns on MSMEs in India and resilience of exporting firms," Journal of Economic Behavior & Organization, Elsevier, vol. 210(C), pages 320-341.

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    More about this item

    Keywords

    Benin; COVID-19; Exports; Enterprises; Performance;
    All these keywords.

    JEL classification:

    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • P42 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Productive Enterprises; Factor and Product Markets; Prices

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