High-frequency data from the U.S. Census Bureau during the COVID-19 pandemic: small vs. new businesses

被引：3

作者：

Buffington C. ^{[1
]}

Chapman D. ^{[1
,2
]}

Dinlersoz E. ^{[1
]}

Foster L. ^{[1
]}

Haltiwanger J. ^{[2
,3
]}

机构：

[1] U.S. Census Bureau, Washington, DC

[2] University of Maryland, College Park

[3] Department of Economics, University of Maryland, College Park

来源：

Business Economics | 2021年 / 56卷 / 3期

关键词：

Business Formation Statistics; COVID-19; Small Business Pulse Survey;

D O I：

10.1057/s11369-021-00229-0

中图分类号：

学科分类号：

摘要：

Small businesses experienced very sharp declines in activity, business sentiment, and expectations early in the pandemic. While there has been some recovery since then, multiple indicators of small business performance remained substantially in the negative range early in 2021. These findings are from a unique high frequency, real time, survey of small employer businesses, the Census Bureau’s Small Business Pulse Survey (SBPS). In contrast, results from the high frequency, real time, Business Formation Statistics (BFS) show there has been a surge in new business applications following an initial decline. Most of these applications are for likely nonemployers; however, there has also been a surge in new applications for likely employers, especially in Retail Trade (and especially Non-store Retailers). We compare and contrast the patterns from these two new high frequency data products that provide novel insights into the distinct patterns of dynamics for existing small businesses relative to new business formations. © 2021, This is a U.S. government work and not under copyright protection in the U.S.; foreign copyright protection may apply.

引用

页码：155 / 167

页数：12

共 14 条

[1]

Abraham K.G.C., Haltiwanger K., Sanduskyspletzer J.R., Measuring the Gig Economy Current Knowledge and Open Issues, NBER/CRIW Conference Volume on Measuring and Accounting for Innovation in the 21St Century, (2021)

[2]

Bartik A.W.M.B.B., Cullen E.L., Glaeser M., Lucastanton C.T., How are Small Businesses Adjusting to COVID-19? Early Evidence from a Survey, (2020)

[3]

Kimberly B., Timothy Dunne E.D., Javier Miranda J.H., Stevens J., Early Stage Business Formation: An Analysis of Applications for Employer Identification Numbers, (2018)

[4]

The Impact of COVID-19 on US Firms, NBER Working Paper No, (2021)

[5]

Buffington, Catherine, Carrie Dennis, Emin Dinlersoz, Lucia Foster, and Shawn Klimek, pp. 20-16, (2020)

[6]

Buffington C., Chapman E., Dinlersoz L., Fosterhaltiwanger J., High Frequency Business Dynamics in the United States During the COVID-19 Pandemic, Center for Economic Studies Working Paper, pp. 21-06, (2021)

[7]

Buffington C., Fields J., Foster L., Measuring the Impact of COVID-19 on Businesses and People: Lessons from the Census Bureau’s Experience, AEA Papers and Proceedings, 111, pp. 312-316, (2021)

[8]

Crane L.D., Decker R.A., Flaaen A., Hamins-Puertolas A., Kurz C., Business Exit During the COVID-19 Pandemic: Non-Traditional Measures in Historical Context, Finance and Economics Discussion Series, 2020, 89, (2020)

[9]

Decker R., Haltiwanger J., Jarmin R., Miranda J., The Role of Entrepreneurship in US Job Creation and Economic Dynamism, Journal of Economic Perspectives, 28, 3, pp. 3-24, (2014)

[10]

Decker R., Haltiwanger J., Jarmin R., Miranda J., Where has all the Skewness Gone? The Decline in High Growth (Young) Firms in the U.S.?, European Economic Review, 86, pp. 4-23, (2016)

← 1 2 →