Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/223878
Authors: 
Naudé, Wim
Year of Publication: 
2020
Series/Report no.: 
IZA Discussion Papers No. 13436
Abstract: 
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.
Subjects: 
entrepreneurship
innovation
COVID-19
public policy
economic growth
development
JEL: 
I18
L26
L53
M13
Document Type: 
Working Paper

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