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The Impact Of Covid-19 Pandemic On The Export Competitiveness Of Manufacturing Firms In Croatia

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  • Nebojsa Stojcic

    (University of Dubrovnik)

Abstract

The aim of this paper is to explore the impact of COVID-19 pandemic on changes in export competitiveness of firms from Croatian manufacturing industry. The analysis is based on the data about firm behaviour in the period following the first wave of COVID-19 pandemic. The data was collected by World Bank during August and September 2020 and publicly released in early October 2020. The results of investigation reveal that probability of decreasing export revenues falls among firms that solved their liquidity problems through equity financing, deferred payments to workers and suppliers and with the support of public grants. Statistically significant evidence of the tax exemptions, wage subsidies and commercial banks’ loans was not found. Companies with higher level of robustness to external shocks have lower probability of decreasing export revenues. The impact of introduction or implementation of online sales on export revenues is negative. Results of investigation may serve for formulation of economic policies in similar future cases.

Suggested Citation

  • Nebojsa Stojcic, 2020. "The Impact Of Covid-19 Pandemic On The Export Competitiveness Of Manufacturing Firms In Croatia," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 29(2), pages 347-366, december.
    • Handle: RePEc:avo:emipdu:v:29:y:2020:i:2:p:347-366
    DOI: 10.17818/EMIP/2020/2.2
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    Cited by:

    1. Ivana MARINOVIC MATOVIC & Andjela LAZAREVIC, 2021. "Business Revenue And Job Retention During Covid-19 Crisis In Manufacturing Sector In Serbia," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(5), pages 113-128, October.

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    More about this item

    Keywords

    COVID-19; manufacturing; Croatia; export;
    All these keywords.

    JEL classification:

    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • F10 - International Economics - - Trade - - - General
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development

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