Economic Effects of the COVID-19 Pandemic on Entrepreneurship and Small Businesses

Discussion Papers 1961, 23 S.

Maksim Belitski, Christina Guenther, Alexander S. Kritikos, Roy Thurik

2021

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Abstract

The existential threat to small businesses, based on their crucial role in the economy, is behind the plethora of scholarly studies in 2020, the first year of the COVID-19 pandemic. Examining the 14 contributions of the special issue on the “Economic Effects of the COVID-19 Pandemic on Entrepreneurship and Small Businesses,” the paper comprises four parts: a systematic review of the literature on the effect on entrepreneurship and small businesses; a discussion of four literature strands based on this review; an overview of the contributions in this special issue; and some ideas for post-pandemic economic research.



JEL-Classification: L26;J38;I18
Keywords: Small businesses, entrepreneurs, COVID-19 pandemic, economic effects

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