Arbeitspapier

Entrepreneurial Recovery from COVID-19: Decentralization, Democratization, Demand, Distribution, and Demography

Entrepreneurship, as reflected in the start-up of new firms, the growth and market exit of existing firms, and the ow of venture capital, has been severely curtailed by the lockdown and social distancing measures taken by governments around the world in the fight against COVID-19. This paper, after documenting preliminary evidence on these declines, argues that there is a strong possibility that the unintended damage to entrepreneurship, innovation and growth could be persistent. This requires that short- term economic and business rescue packages be complimented by measures aimed at the longer-term, and that these be based on at least five principles. These 5 principles (5Ds) refer to decentralization, democratization, demand, distribution and demography.

Language
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 13436

Classification
Wirtschaft
Health: Government Policy; Regulation; Public Health
Entrepreneurship
Enterprise Policy
New Firms; Startups
Subject
entrepreneurship
innovation
COVID-19
public policy
economic growth
development

Event
Geistige Schöpfung
(who)
Naudé, Wim
Event
Veröffentlichung
(who)
Institute of Labor Economics (IZA)
(where)
Bonn
(when)
2020

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Naudé, Wim
  • Institute of Labor Economics (IZA)

Time of origin

  • 2020

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