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context of the COVID-19 crisis in Germany. Employment responses differed widely across local labour markets, with differences … difference-in-differences approach with a continuous treatment, we find that pre-crisis digital capital potential reduced short …
Persistent link: https://www.econbiz.de/10014530431
This paper explores the impact of credit market on the entrepreneurs and demand for credit in a credit constrained … due to presence/absence of entrepreneurs, i.e., low price of capital in autarky may reflect lack of demand for credit due … to scarcity of entrepreneurs and not capital abundance and eventually may lead to capital outflow from a capital scarce …
Persistent link: https://www.econbiz.de/10012263312
In this paper, we estimate the effect of psychiatric disorders on labor market outcomes using a structural equation model with a latent index for mental illness, an approach that acknowledges the continuous nature of psychiatric disability. We also address the potential endogeneity of mental...
Persistent link: https://www.econbiz.de/10009748359
We explore the sources of racial disparities in small business lending by studying the $806 billion Paycheck Protection Program (PPP), which was designed to support small business jobs during the COVID-19 pandemic. PPP loans were administered by private lenders but federally guaranteed, largely...
Persistent link: https://www.econbiz.de/10012643529
We analyze a large-scale survey of owners, managers, and employees of small businesses in the United States to understand the effects of the early stages of the COVID-19 pandemic on those businesses. The survey was fielded in late April 2020 among Facebook business page administrators, frequent...
Persistent link: https://www.econbiz.de/10012291877
Social distancing restrictions and health- and economic-driven demand shifts from COVID-19 are expected to shutter many small businesses and entrepreneurial ventures, but there is very little early evidence on impacts. This paper provides the first analysis of impacts of the pandemic on the...
Persistent link: https://www.econbiz.de/10012291885
-sized enterprises (SMEs). We conjecture that easy-to-understand risk ratings conveyed by the platform play a pronounced role in … influencing the borrowing success of SMEs and that more sophisticated financial information and adverse selection are largely …
Persistent link: https://www.econbiz.de/10012166027
impact of Thailand's 'Half and Half' program-a targeted, digital co-pay fiscal stimulus-on SMEs and consumer spending …
Persistent link: https://www.econbiz.de/10014383937
results imply that entrepreneurs react to tax incentives along both real and avoidance margins, while the latter elasticity is …
Persistent link: https://www.econbiz.de/10009748360
Building on the framework put forward by Delli Gatti et al. 2011, in this paper we present and discuss a Macroeconomic Agent-Based Model with Capital and Credit (hereafter CC-MABM). The novelty of this model with respect to the previous framework consists in the introduction of capital goods...
Persistent link: https://www.econbiz.de/10010347040