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The effects of the COVID-19 pandemic on U.S. entrepreneurship

Author

Listed:
  • Oudom Hean

    (North Dakota State University
    Sheila and Robert Challey Institute for Global Innovation and Growth)

  • Nattanicha Chairassamee

    (Kasetsart University)

Abstract

We study the effects of the COVID-19 pandemic on U.S. entrepreneurial activities, as measured by the overall number of new business applications, high-propensity business applications, business applications from corporations, and business applications with paid wages. However, the number of business applications increased significantly after the lockdown. Also, the portion of high-propensity business applications as a share of total business applications declined considerably during and after the lockdown. Our findings could partially explain the tight labor market in the U.S. during the pandemic.

Suggested Citation

  • Oudom Hean & Nattanicha Chairassamee, 2023. "The effects of the COVID-19 pandemic on U.S. entrepreneurship," Letters in Spatial and Resource Sciences, Springer, vol. 16(1), pages 1-22, December.
    • Handle: RePEc:spr:lsprsc:v:16:y:2023:i:1:d:10.1007_s12076-023-00327-x
    DOI: 10.1007/s12076-023-00327-x
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    References listed on IDEAS

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    1. Andrés Rodríguez‐Pose & Chiara Burlina, 2021. "Institutions and the uneven geography of the first wave of the COVID‐19 pandemic," Journal of Regional Science, Wiley Blackwell, vol. 61(4), pages 728-752, September.
    2. Maksim Belitski & Christina Guenther & Alexander S. Kritikos & Roy Thurik, 2022. "Economic effects of the COVID-19 pandemic on entrepreneurship and small businesses," Small Business Economics, Springer, vol. 58(2), pages 593-609, February.
    3. Edward L. Glaeser & Ginger Z. Jin & Benjamin T. Leyden & Michael Luca, 2021. "Learning from deregulation: The asymmetric impact of lockdown and reopening on risky behavior during COVID‐19," Journal of Regional Science, Wiley Blackwell, vol. 61(4), pages 696-709, September.
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    5. Amory Martin & Maryia Markhvida & Stéphane Hallegatte & Brian Walsh, 2020. "Socio-Economic Impacts of COVID-19 on Household Consumption and Poverty," Economics of Disasters and Climate Change, Springer, vol. 4(3), pages 453-479, October.
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    7. Yuan Zhi Seah, 2021. "COVID-19 and Its Effects on Attitudes toward Opportunity-Motivated Entrepreneurship: Before and after Lockdown," Sustainability, MDPI, vol. 13(16), pages 1-13, August.
    8. Roberta Capello & Andrea Caragliu, 2021. "Regional growth and disparities in a post‐COVID Europe: A new normality scenario," Journal of Regional Science, Wiley Blackwell, vol. 61(4), pages 710-727, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Business applications; Entrepreneurship; Lockdown; COVID-19;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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