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Covid’s economic reset: making the quixotic quotidian

Covid’s economic reset: making the quixotic quotidian It is easy to become dispirited. Despite my concern about the near-term outlook, advising business leaders requires that I look past the pandemic. Akcigit and Ates argue that greater concentration among firms and a slowdown in business dynamism is the cause of a myriad of factors that slow economic growth. Furthermore, a slowing pace of growth of the working-age population and an increase in older members of the workforce, as well as a greater number of retirees, has significant economic consequences for the pace of startups. In contrast, it is possible that the shock from COVID may have boosted business formation and pushed technology adoption across generations, perhaps mitigating some of the demographic impediments to technology adoption. Yet for a large portion of the population, COVID has only meant devastation and despair. Here fiscal assistance is imperative. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Business Economics Springer Journals

Covid’s economic reset: making the quixotic quotidian

Business Economics , Volume 56 (1) – Jan 29, 2021

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Publisher
Springer Journals
Copyright
Copyright © National Association for Business Economics 2021
ISSN
0007-666X
eISSN
1554-432X
DOI
10.1057/s11369-020-00200-5
Publisher site
See Article on Publisher Site

Abstract

It is easy to become dispirited. Despite my concern about the near-term outlook, advising business leaders requires that I look past the pandemic. Akcigit and Ates argue that greater concentration among firms and a slowdown in business dynamism is the cause of a myriad of factors that slow economic growth. Furthermore, a slowing pace of growth of the working-age population and an increase in older members of the workforce, as well as a greater number of retirees, has significant economic consequences for the pace of startups. In contrast, it is possible that the shock from COVID may have boosted business formation and pushed technology adoption across generations, perhaps mitigating some of the demographic impediments to technology adoption. Yet for a large portion of the population, COVID has only meant devastation and despair. Here fiscal assistance is imperative.

Journal

Business EconomicsSpringer Journals

Published: Jan 29, 2021

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