@article{33667,
  abstract     = {{<jats:title>Abstract</jats:title><jats:p>In light of the COVID-19 pandemic, we scrutinize what has been established in the literature on whether entrepreneurship can cause and resolve extreme events, the immediate and long-run impacts of extreme events on entrepreneurship, and whether extreme events can positively impact (some) entrepreneurship and innovation. Based on this, we utilize a partial equilibrium model to provide several conjectures on the impact of COVID-19 on entrepreneurship, and to derive policy recommendations for recovery. We illustrate that while entrepreneurship recovery will benefit from measures such as direct subsidies for start-ups, firms’ revenue losses, and loan liabilities, it will also benefit from aggregate demand-side support and income redistribution measures, as well as from measures that facilitate the innovation-response to the Keynesian supply-shock caused by the pandemic, such as access to online retail and well-functioning global transportation and logistics.</jats:p>}},
  author       = {{Gries, Thomas and Naudé, Wim}},
  issn         = {{2511-1280}},
  journal      = {{Economics of Disasters and Climate Change}},
  keywords     = {{General Medicine}},
  number       = {{3}},
  pages        = {{329--353}},
  publisher    = {{Springer Science and Business Media LLC}},
  title        = {{{Extreme Events, Entrepreneurial Start-Ups, and Innovation: Theoretical Conjectures}}},
  doi          = {{10.1007/s41885-021-00089-0}},
  volume       = {{5}},
  year         = {{2021}},
}