The impact of Covid-19 on small businesses in the North of Iraq

Cuma Akbay, Diyar Muadh Khalil, Naji Masseho Odel

Abstract


This study examines the impacts of COVID-19 on small businesses in the Northern region of Iraq. The survey sample included 235 persons in Erbil governorate. According to the results, small businesses in all sectors in the region have been affected negatively by COVID-19. The COVID-19 has had negative effects on 74% of participants’ business; this means that most of them have suffered huge losses, to the extent that some of them have suffered huge losses more than the profit of the several months before COVID-19. Based on the survey result, sales on debt have increased so much that the average of these sales in debt is 86.4%. The majority of participants pointed out that during the outbreak of coronavirus, most people paid more attention to the price of the product than to the quality


Keywords


COVID-19 pandemic, Small Business, Debt-Sale and Unemployment

Full Text:

PDF

References


AKbay, C. and M. Naji, 2020. The impact of covid-19 on small businesses in the Northern Region of Iraq.

Baker, S. R., N. Bloom, S. J. Davis, K. Kost, M. Sammon and T. Viratyosin, 2020. The unprecedented stock market reaction to covid-19. The review of asset pricing studies, 10(4): 742-758.

Bartik, A. W., M. Bertrand, Z. Cullen, E. L. Glaeser, M. Luca and C. Stanton, 2020. The impact of covid-19 on small business outcomes and expectations. pp: 17656-17666.

Cajner, T., L. D. Crane, R. A. Decker, J. Grigsby, A. Hamins-Puertolas, E. Hurst, C. Kurz and A. Yildirmaz, 2020. The US labor market during the beginning of the pandemic recession. National Bureau of Economic Research.

Fairlie, R. W., 2020. The impact of covid-19 on small business owners: Continued losses and the partial rebound in may 2020. NBER working paper(w27462).

Farzanegan, M. R., H. F. Gholipour, M. Feizi, R. Nunkoo and A. E. Andargoli, 2020. International tourism and outbreak of coronavirus (covid-19): A cross-country analysis. Journal of travel research: 0047287520931593.

Garrett, T. A., 2008. Pandemic economics: The 1918 influenza and its modern-day implications. Federal Reserve Bank Louis Review, 90(March/April 2008).

Nicola, M., Z. Alsafi, C. Sohrabi, A. Kerwan, A. Al-Jabir, C. Iosifidis, M. Agha and R. Agha, 2020. The socio-economic implications of the coronavirus and covid-19 pandemic: A review. International journal of surgery.

Odel, N. M., 2016. Gains and risks of financial and economic globalization for developing countries, particularly on a unique poor country as a case study. International journal of business social science, 7(2): 134-139.

________________________________________________________

Abstract Views or DF Downloads

website counter




DOI: https://doi.org/10.33865/wjb.006.01.0400

Refbacks

  • There are currently no refbacks.




Copyright (c) 2021 Author

License URL: https://creativecommons.org/licenses/by/4.0/

Print ISSN: 2522-6746 ,  Online ISSN: 2522-6754