Examinando por Materia "Aplicaciones de negocios"

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    Are pandemics bad for business? Evidence from the US COVID-19 experience
    (Universidad EAFIT, 2020) Escobar, María Antonia; Tobón Zapata, Santiago
    The economic downturn caused by the COVID-19 contingency cannot be de- nied. Many authors have studied the effects of the sanitary emergency on the labor force, demand, and supply of goods and services. This paper aims to understand the consequences of mobility restrictions caused by the pandemic on the business environment. Through the use of Google Mobility and The New York Times report, I use stay at home orders as a proxy for mobility restrictions. The effect of said restrictions on initial unemployment benefit claims and new business applications provides an insight into the change in people’s livelihoods. I use Difference in difference and event study method- ologies on data from 2010 to the third week of August 2020. I find that the restrictions on mobility had a significant impact on both outcome variables. The effect on unemployment claims was still present at the time of this paper while the behavior of new business application was mostly affected for the first few weeks and then had a quick rebound.