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The Impact of COVID-19 on the Size Distribution of New Firms in Turkey

The Impact of COVID-19 on the Size Distribution of New Firms in Turkey

Yigit Aydogan
Copyright: © 2022 |Pages: 26
ISBN13: 9781799869009|ISBN10: 1799869008|ISBN13 Softcover: 9781799869016|EISBN13: 9781799869023
DOI: 10.4018/978-1-7998-6900-9.ch009
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MLA

Aydogan, Yigit. "The Impact of COVID-19 on the Size Distribution of New Firms in Turkey." Economic Impact and Recovery Following a Global Health Crisis, edited by Brian W. Sloboda and Yaya Sissoko, IGI Global, 2022, pp. 190-215. https://doi.org/10.4018/978-1-7998-6900-9.ch009

APA

Aydogan, Y. (2022). The Impact of COVID-19 on the Size Distribution of New Firms in Turkey. In B. Sloboda & Y. Sissoko (Eds.), Economic Impact and Recovery Following a Global Health Crisis (pp. 190-215). IGI Global. https://doi.org/10.4018/978-1-7998-6900-9.ch009

Chicago

Aydogan, Yigit. "The Impact of COVID-19 on the Size Distribution of New Firms in Turkey." In Economic Impact and Recovery Following a Global Health Crisis, edited by Brian W. Sloboda and Yaya Sissoko, 190-215. Hershey, PA: IGI Global, 2022. https://doi.org/10.4018/978-1-7998-6900-9.ch009

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Abstract

A surge in new firm registrations have been one of the most intriguing outcomes of the economic turbulence caused by the COVID-19 pandemic. Turkey followed a similar pattern to many other economies that observed an initial drop and a rapid V-shaped recovery of entry when the virus hit the country. However, the size distribution of new firms has been very different. While others experience a strong rise in smaller entrants, larger firms have dominated the pack in Turkey. As a widely-known long-term problem of the Turkish economy, which has been accused of causing the stagnation of growth, miniscule firms have been losing their weight rapidly among the entrants. It revives lost hopes for the future of the economy and also motivates questions regarding the other determinants of such transformation in new firm formation.

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