Abstract

Significance Drawing on a survey of more than 5,800 small businesses, this paper provides insight into the economic impact of coronavirus 2019 (COVID-19) on small businesses. The results shed light on both the financial fragility of many small businesses, and the significant impact COVID-19 had on these businesses in the weeks after the COVID-19–related disruptions began. The results also provide evidence on businesses’ expectations about the longer-term impact of COVID-19, as well as their perceptions of relief programs offered by the government.

Keywords

Coronavirus disease 2019 (COVID-19)2019-20 coronavirus outbreakSmall businessGovernment (linguistics)Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2)BusinessFragilityCoronavirusEconomic impact analysisPerceptionMarketingEconomicsPsychologyMedicineVirologyOutbreak

MeSH Terms

BetacoronavirusCOVID-19Coronavirus InfectionsHumansPandemicsPneumoniaViralSARS-CoV-2Small BusinessSurveys and QuestionnairesUnemploymentUnited States

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Publication Info

Year
2020
Type
article
Volume
117
Issue
30
Pages
17656-17666
Citations
1558
Access
Closed

External Links

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Cite This

Alexander Bartik, Marianne Bertrand, Zoë Cullen et al. (2020). The impact of COVID-19 on small business outcomes and expectations. Proceedings of the National Academy of Sciences , 117 (30) , 17656-17666. https://doi.org/10.1073/pnas.2006991117

Identifiers

DOI
10.1073/pnas.2006991117
PMID
32651281
PMCID
PMC7395529

Data Quality

Data completeness: 86%