Support Policies for Small Business during the COVID-19 Crisis: A Perspective from Club Convergence

Chi Keung Marco Lau, Dongna Zhang, Giray Gozgor

Research output: Contribution to conferencePaperpeer-review

Abstract

This paper examines the small business net revenue club convergence clustering hypothesis in 51 states in the U.S.A during the first wave of the COVID-19 pandemic. Our analysis is based on the daily data for the period from January 10, 2020, to June 08, 2020. The results indicate that there is only one club convergence for all states during the first wave of COVID-19 pandemics, implying that the support policies enacted during the 2020 COVID-19 crisis for small and medium-sized enterprise were effective.
Original languageEnglish
Publication statusAccepted/In press - 17 Jun 2021
Event52nd Annual Conference of the Money Macro and Finance Society -
Duration: 1 Sep 20213 Sep 2021

Conference

Conference52nd Annual Conference of the Money Macro and Finance Society
Period1/09/213/09/21

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