{"title":"Asian entrepreneurship in the coronavirus era","authors":"","doi":"10.1007/s00148-024-00985-1","DOIUrl":null,"url":null,"abstract":"<h3>Abstract</h3> <p>The COVID-19 pandemic has had a deleterious impact on the world economy. Studies have documented the disproportional impact of the pandemic on minorities, immigrants, and business owners in the USA. In this study, we use Current Population Survey monthly data spanning from January 2014 through December 2021 to examine how the COVID-19 pandemic affected Asian entrepreneurship. We show that the pandemic disproportionally hurt Asian entrepreneurship, particularly among immigrants, up until the end of 2020. A detailed analysis of Asian business dynamics reveals a substantial increase in self-employment exits during the first year of the pandemic. We fail to find convincing evidence of differential industry/job-type concentration, individual preferences, majority-minority disparities, narrower clientele, or differential access to government support as primary drivers for such patterns. Instead, we find suggestive evidence of discrimination playing a non-negligible role that subsided in 2021, coinciding with the rollout of vaccines.</p>","PeriodicalId":48013,"journal":{"name":"Journal of Population Economics","volume":"5 1","pages":""},"PeriodicalIF":6.1000,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Population Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s00148-024-00985-1","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
The COVID-19 pandemic has had a deleterious impact on the world economy. Studies have documented the disproportional impact of the pandemic on minorities, immigrants, and business owners in the USA. In this study, we use Current Population Survey monthly data spanning from January 2014 through December 2021 to examine how the COVID-19 pandemic affected Asian entrepreneurship. We show that the pandemic disproportionally hurt Asian entrepreneurship, particularly among immigrants, up until the end of 2020. A detailed analysis of Asian business dynamics reveals a substantial increase in self-employment exits during the first year of the pandemic. We fail to find convincing evidence of differential industry/job-type concentration, individual preferences, majority-minority disparities, narrower clientele, or differential access to government support as primary drivers for such patterns. Instead, we find suggestive evidence of discrimination playing a non-negligible role that subsided in 2021, coinciding with the rollout of vaccines.
期刊介绍：
The Journal of Population Economics is an international quarterly that publishes original theoretical and applied research in all areas of population economics.
Micro-level topics examine individual, household or family behavior, including household formation, marriage, divorce, fertility choices, education, labor supply, migration, health, risky behavior and aging. Macro-level investigations may address such issues as economic growth with exogenous or endogenous population evolution, population policy, savings and pensions, social security, housing, and health care.
The journal also features research into economic approaches to human biology, the relationship between population dynamics and public choice, and the impact of population on the distribution of income and wealth. Lastly, readers will find papers dealing with policy issues and development problems that are relevant to population issues.The journal is published in collaboration with POP at UNU-MERIT, the Global Labor Organization (GLO) and the European Society for Population Economics (ESPE).Officially cited as: J Popul Econ Factor (RePEc): 13.576 (July 2018) Rank 69 of 2102 journals listed in RePEc
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