TY - RPRT AU - Naudé, Wim TI - Entrepreneurial Recovery from COVID-19: Decentralization, Democratization, Demand, Distribution, and Demography PY - 2020/Jul/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 13436 UR - https://www.iza.org/index.php/publications/dp13436 AB - Entrepreneurship, as reflected in the start-up of new firms, the growth and market exit of existing firms, and the ow of venture capital, has been severely curtailed by the lockdown and social distancing measures taken by governments around the world in the fight against COVID-19. This paper, after documenting preliminary evidence on these declines, argues that there is a strong possibility that the unintended damage to entrepreneurship, innovation and growth could be persistent. This requires that short- term economic and business rescue packages be complimented by measures aimed at the longer-term, and that these be based on at least five principles. These 5 principles (5Ds) refer to decentralization, democratization, demand, distribution and demography. KW - entrepreneurship KW - innovation KW - COVID-19 KW - public policy KW - economic growth KW - development ER -