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.
|Publication status||Accepted/In press - 17 Jun 2021|
|Event||52nd Annual Conference of the Money Macro and Finance Society - |
Duration: 1 Sep 2021 → 3 Sep 2021
|Conference||52nd Annual Conference of the Money Macro and Finance Society|
|Period||1/09/21 → 3/09/21|