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Coping and recovery strategies of MSMEs in the Laguna one year after COVID19

Author

Listed:
  • Emmanuel Genesis Andal

    (University of the Philippines)

  • Amelia L. Bello

    (University of the Philippines)

  • Ma. Angeles O. Catelo

    (University of the Philippines)

Abstract

This paper investigates the coping strategies employed by sample micro, small, or medium enterprises (MSMEs) in Laguna using the SME Competitiveness Grid framework developed by the International Trade Centre (ITC). The paper finds that sample MSMEs in Laguna did not find it easy to access MSME assistance programs, and that many are not even aware that such assistance programs exist. However, most MSMEs were found to be flexible and innovative when it comes to their coping strategies; the most common are through using online platforms and customizing or making new products. The paper also finds that assistance on reduction of fixed and operating costs, improvements in credit access, and greater ease in doing business are the most desired forms of government intervention, consistent with the findings of earlier surveys.

Suggested Citation

  • Emmanuel Genesis Andal & Amelia L. Bello & Ma. Angeles O. Catelo, 2021. "Coping and recovery strategies of MSMEs in the Laguna one year after COVID19," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 58(1 and 2), pages 241-263, June and .
  • Handle: RePEc:phs:prejrn:v:58:y:2021:i:1and2:p:241-263
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    File URL: https://pre.econ.upd.edu.ph/index.php/pre/article/view/1016/927
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    Cited by:

    1. Uma Shankar Yadav & Ravindra Tripathi & Mano Ashish Tripathi, 2022. "Adverse impact of lockdown during COVID-19 pandemic on micro-small and medium enterprises (Indian handicraft sector): A study on highlighted exit strategies and important determinants," Future Business Journal, Springer, vol. 8(1), pages 1-10, December.

    More about this item

    Keywords

    COVID-19; MSME; Laguna;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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