COVID-19

Why it is vital to protect start-ups during COVID-19

Starts up employ around 20% of workers across OECD countries. Image: Unsplash/CoWomen

Flavio Calvino

Economist, Directorate for Science, Technology and Innovation,, OECD

Chiara Criscuolo

Head of the Productivity and Business Dynamics Division in the Science Technology and Innovation Directorate, OECD

Rudy Verlhac

Junior Economist, Directorate for Science, Technology and Innovation, , OECD

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starts ups business new company economics imf money gdp finance recession recovery growth negative Coronavirus china virus health healthcare who world health organization disease deaths pandemic epidemic worries concerns Health virus contagious contagion viruses diseases disease lab laboratory doctor health dr nurse medical medicine drugs vaccines vaccinations inoculations technology testing test medicinal biotechnology biotech biology chemistry physics microscope research influenza flu cold common cold bug risk symptomes respiratory china iran italy europe asia america south america north washing hands wash hands coughs sneezes spread spreading precaution precautions health warning covid 19 cov SARS 2019ncov wuhan sarscow wuhanpneumonia  pneumonia outbreak patients unhealthy fatality mortality elderly old elder age serious death deathly deadly
Figure 1: Declines in business formation during COVID-19. Image: Vox EU
starts ups business new company economics imf money gdp finance recession recovery growth negative Coronavirus china virus health healthcare who world health organization disease deaths pandemic epidemic worries concerns Health virus contagious contagion viruses diseases disease lab laboratory doctor health dr nurse medical medicine drugs vaccines vaccinations inoculations technology testing test medicinal biotechnology biotech biology chemistry physics microscope research influenza flu cold common cold bug risk symptomes respiratory china iran italy europe asia america south america north washing hands wash hands coughs sneezes spread spreading precaution precautions health warning covid 19 cov SARS 2019ncov wuhan sarscow wuhanpneumonia  pneumonia outbreak patients unhealthy fatality mortality elderly old elder age serious death deathly deadly
Figure 2: A missing generation of new firms has persistent employment effects. Image: Vox EU/OECD DynEmp3 database
starts ups business new company economics imf money gdp finance recession recovery growth negative Coronavirus china virus health healthcare who world health organization disease deaths pandemic epidemic worries concerns Health virus contagious contagion viruses diseases disease lab laboratory doctor health dr nurse medical medicine drugs vaccines vaccinations inoculations technology testing test medicinal biotechnology biotech biology chemistry physics microscope research influenza flu cold common cold bug risk symptomes respiratory china iran italy europe asia america south america north washing hands wash hands coughs sneezes spread spreading precaution precautions health warning covid 19 cov SARS 2019ncov wuhan sarscow wuhanpneumonia  pneumonia outbreak patients unhealthy fatality mortality elderly old elder age serious death deathly deadly
Figure 3: Digital-intensive entrants have higher post-entry employment growth. Image: Vox EU/OECD DynEmp3 database.
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This chart shows how employment in the US today compares to pre-pandemic times

Felix Richter

January 25, 2023

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