Arbeitspapier
Extreme Events, Entrepreneurial Start-Ups, and Innovation: Theoretical Conjectures
In light of the COVID-19 pandemic, we scrutinize what has been established in the literature on whether entrepreneurship can cause and resolve extreme events, the immediate and long-run impacts of extreme events on entrepreneurship, and whether extreme events can positively impact (some) entrepreneurship and innovation. Based on this, we propose a partial equilibrium model to provide several conjectures on the impact of COVID-19 on entrepreneurship and derive policy recommendations for recovery. Our model's comparative statics shows that entrepreneurship recovery will benefit from aggregate demand-side support measures, combined with direct subsidies for start-ups, firms' revenue losses, and loan liabilities, as well as from actions that promote income redistribution.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 13835
- Classification
-
Wirtschaft
Health: Government Policy; Regulation; Public Health
Entrepreneurship
Enterprise Policy
New Firms; Startups
- Subject
-
entrepreneurship
innovation
COVID-19
extreme events
development
- Event
-
Geistige Schöpfung
- (who)
-
Gries, Thomas
Naudé, Wim
- Event
-
Veröffentlichung
- (who)
-
Institute of Labor Economics (IZA)
- (where)
-
Bonn
- (when)
-
2020
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Gries, Thomas
- Naudé, Wim
- Institute of Labor Economics (IZA)
Time of origin
- 2020
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