Mañana, JUEVES, 24 DE ABRIL, el sistema se apagará debido a tareas habituales de mantenimiento a partir de las 9 de la mañana. Lamentamos las molestias.
European SMEs amidst the COVID-19 crisis: assessing impact and policy responses
Entity
UAM. Departamento de Estructura Económica y Economía del DesarrolloPublisher
SpringerDate
2020-07-11Citation
10.1007/s40812-020-00169-4
Journal of Industrial and Business Economics 47.3 (2020): 499-510
ISSN
0391-2078 (print); 1972-4977 (online)DOI
10.1007/s40812-020-00169-4Editor's Version
https://doi.org/10.1007/s40812-020-00169-4Subjects
European SMEs; Innovation; COVID-19; Economic impact; Policy responses; EconomíaRights
Copyright © 2020, Springer NatureAbstract
We consider how the COVID-19 pandemic has challenged European small- and medium-sized enterprises (SMEs) in the manufacturing sector, and draw suggests policy implications. The sudden onslaught of the pandemic has acted as an economic shock, and we consider how it is likely to affect different types of manufacturing SMEs. We distinguish between immediate effects, a result of the almost-simultaneous lockdowns across Europe and its major trading partners, and longer-term implications for both SMEs and the global value chains where they are inserted. In the shorter run, most SMEs have faced logistical challenges in addition to demand disruptions, although the severity has differed across firms and industries. We argue that in the longer-term, there will be different challenges and opportunities depending on the type of SME. Policy interventions will also need to be sensitive to the different types of SMEs, rather than adopting a one-size-fits-all approach. The policy mix will need to shift from its initial focus on the survival of European SMEs in the short term, towards a more structural and longer-term approach based on promoting their renewal and growth through innovation, internationalization and networking
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Google Scholar:Juergensen, Jill
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Guimón de Ros, José
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Narula, Rajneesh
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