The covid-19 impact on exports in North Macedonia—firm-level analysis

Bibliographic Data

ID15066737
AuthorsBojan Srbinoski (0000-0003-4815-3762, Finance Think—Economic Research & Policy Institute, Skopje, North Macedonia, corresponding author), Blagica Petreski (0000-0002-8728-272X, Finance Think—Economic Research & Policy Institute, Skopje, North Macedonia), Marjan Petreski (0000-0002-2675-8325, University American College Skopje, North Macedonia)
Year2022
Volume35
Issue1
Pages7147-7174
Publication date2022-12-31
Open AccessYes
TypeARTICLE
VenueEconomic Research-Ekonomska Istraživanja (JOURNAL)
Journal identifiersISSN: 1331-677X • E-ISSN: 1848-9664
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2022.2063918
OpenAlexW4224290851
LanguageEN
Citations received1
References cited29

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 labour-intensity, 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

Business · Demographic economics · Economics · International economics · International trade · Monetary economics · Revenue · Banking, Crisis Management, COVID-19 Impact · Business and Economic Development · COVID-19 Pandemic Impacts · Finance

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Open DOIOpen Access