The spread of coronavirus disease, 2019, has affected several countries in the world including Asian countries. The occurrences of COVID infections are uneven across countries and the same is determined by socioeconomic situations prevailing in the countries besides the preparedness and management. The paper is an attempt to empirically examine the socioeconomic determinants of the occurrence of COVID in Asian countries considering the data as of June 18, 2020, for 42 Asian countries. A multiple regression analysis in a cross‐sectional framework is specified and ordinary least square (OLS) technique with heteroscedasticity corrected robust standard error is employed to obtain regression coefficients. Explanatory variables that are highly collinear have been dropped from the analysis. The findings of the study show a positive significant association of per capita gross national income and net migration with the incidence of total COVID‐19 cases and daily new cases. The size of net migration emerged to be a potential factor and positive in determining the total and new cases of COVID. Social capital as measured by voters' turnout ratio (VTR) in order to indicate the people's participation is found to be significant and negative for daily new cases per million population. People's participation has played a very important role in checking the incidence of COVID cases and its spread. In alternate models, countries having high incidence of poverty are also having higher cases of COVID. Though the countries having higher percentage of aged populations are more prone to be affected by the spread of virus, but the sign of the coefficient of this variable for Asian country is not in the expected line. Previous year health expenditure and diabetic prevalence rate are not significant in the analysis. Therefore, people‐centric plan and making people more participatory and responsive in adhering to the social distancing norms in public and workplace and adopting preventive measures need to be focused on COVID management strategies. The countries having larger net migration and poverty ratio need to evolve comprehensive and inclusive strategies for testing, tracing, and massive awareness for sanitary practices, social distancing, and following government regulation for management of COVID‐19, besides appropriate food security measures and free provision of sanitary kits for vulnerable section.
Using the fixed and random effect panel regression models the paper tries to empirically examine the incentive effects of federal transfers on states’ own-revenue. Per capita resource transfers from the centre are found to be significant and negatively associated with states’ own-revenue, own-tax revenue and own-non-tax revenue in per capita terms, irrespective of choices of models or specification. This possibly indicates that central transfers have a dampening effect on states’ revenue efforts. Further, the incentive criterion for tax effort as used in the Finance Commission devolutions and in the Gadgil formula used by the Planning Commission is not reflected in the system, and it has failed to induce the desired, positive revenue pattern in states. The paper calls for assigning a higher weight to tax effort in the devolution formula and for more effective co-ordination among different channels in designing criteria and incentives.
Concern for public health has been growing with the increasing volume of cases of COVID-19 in India. To combat this pandemic, India has implemented nationwide lockdowns, and unlocking phases continue with certain restrictions in different parts of the country. The lockdown has required people to adopt social-distance measures to minimize contacts in order to reduce the risks of additional infection. Nevertheless, the lockdown has already impacted economic activities and other dimensions of the health of individuals and society. Although many countries have helped their people through advanced welfare protection networks and numerous support aids, several emerging economies face specific difficulties to adapt to the pandemic due to vulnerable communities and scarce resources. However, certain lower-income countries need more rigorous analysis to implement more effective strategies to combat COVID-19. Accordingly, the current systematic review addresses the impacts of the COVID-19 pandemic and lockdowns in India in relation to health and the economy. This work also provides further information on health inequalities, eco-nomic and social disparities in the country due to the COVID-19 pandemic and lockdowns and also contributes pragmatic suggestions for overcoming these challenges. These observations will be useful to the relevant local and national officials for improving and adopting novel strategies to face lockdown challenges
The main objective of this paper is to verify the sustainability of public debt among Brazil, Russia, India, China and South Africa (BRICS) in a political economy framework. Annual panel data have been used for BRICS countries from World Development Indicators of World Bank for the period 1980–2017 for the analysis. Bohn's sustainability framework is used to examine the sustainability of public debt in BRICS nations and verify the influence of political economic variables such as election year, coalition dummy, ideology of the government and unemployment on public debt sustainability. The results suggest that public debt sustainability is weak for BRICS as a whole. China and India have a better public debt sustainability coefficients compared to the same for Brazil, Russia and South Africa. Structural change dummy included in the model suggests that debt sustainability is severely affected after the 2008 crisis period. Political factors have influence on debt sustainability in BRICS. Electoral cycle year and coalition dummy variables adversely affect public debt sustainability in BRICS. While centrist political ideology is found to be significant and negative, left and right ideologies are not significant for debt sustainability. Since debt sustainability is found to be weak in BRICS, countries in the region need to adopt necessary measures to improve their primary balance through appropriate fiscal and debt management. Besides, it is important for the governments to prioritize fiscal prudence irrespective of their ideologies and political compulsions.
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