Original scientific paper
https://doi.org/10.1080/1331677X.2022.2063918
The covid-19 impact on exports in North Macedonia— firm-level analysis
Bojan Srbinoski
Blagica Petreski
Marjan Petreski
Abstract
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 labourintensity, 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.
Keywords
COVID-19; export; firmlevel analysis
Hrčak ID:
303035
URI
Publication date:
31.3.2023.
Visits: 173 *