Abstract
This paper examines the small business net revenue club convergence clustering dynamics in 51 states in the United States during the first wave of the Covid-19 pandemic. Our analysis is based on the daily data from January 10, 2020, to June 8, 2020. The results indicate that there was only one club convergence for all states during the first wave of the Covid-19 pandemic. This evidence implies that the support policies enacted during the Covid-19 crisis for small and medium-sized enterprises were effective.
Original language | English |
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Pages (from-to) | 1-16 |
Number of pages | 16 |
Journal | Emerging Markets Finance and Trade |
Early online date | 5 Jul 2023 |
DOIs | |
Publication status | E-pub ahead of print - 5 Jul 2023 |