| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w28912
|
| 来源ID | Working Paper 28912
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| Entrepreneurship During the COVID-19 Pandemic: Evidence from the Business Formation Statistics |
| John C. Haltiwanger
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| 发表日期 | 2021-06-14
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| 出版年 | 2021
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| 语种 | 英语
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| 摘要 | Applications for new businesses from the U.S. Census Bureau’s monthly and weekly Business Formation Statistics (BFS) fell substantially in the early stages of the pandemic but then surged in the second half of 2020. This surge has continued through May 2021. The pace of applications since mid-2020 is the highest on record (earliest data available is 2004). The large increase in applications is for both likely new employers and nonemployers. These patterns contrast sharply with those in the Great Recession when applications for likely new employer businesses and in turn actual startups of employer businesses declined sharply and persistently. The surge in new business applications has been uneven across sectors. Ten 3-digit NAICS industries account for 75% of the surge. Dominant industries include Nonstore Retail (alone accounting for 33% of the surge), Professional, Scientific and Technical Services, Truck Transportation, and Accommodation and Food Services. Given that existing small businesses in Retail Trade and Accommodation and Food Services have suffered especially large declines in the pandemic, these patterns are consistent with restructuring induced by the pandemic. |
| 主题 | Macroeconomics
; Business Cycles
; Industrial Organization
; Firm Behavior
; COVID-19
|
| URL | https://www.nber.org/papers/w28912
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586586
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推荐引用方式
GB/T 7714 |
John C. Haltiwanger. Entrepreneurship During the COVID-19 Pandemic: Evidence from the Business Formation Statistics. 2021.
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文件名：
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w28912.pdf
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格式：
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Adobe PDF
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