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Trade Margins and Firm-Level Responses to Global Shocks: A Comparative Analysis of the 2008 Global Financial Crisis and COVID-19 Pandemic in Kenya
This study examines how the 2008/2009 global financial crisis (GFC) and the COVID-19 pandemic differentially impacted Kenya's export and import performance at the firm level. Utilising monthly firm-level customs data from 2006 to 2022, we decompose…