Analysis of Factors Influencing Credit Access of Vietnamese Informal Labors in the Time of COVID-19 Pandemic

Vu, Hung Van; Ho, Huong Xuan

doi:10.3390/economies10010008

Cited by 13 publications

(15 citation statements)

References 20 publications

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“…The coronavirus outbreak was a tremendous shock to the nation, resulting in an increase in national unemployment and significant decreases in informal sector employment (World Bank, 2021). Although the government has offered social safety programs, expanding support coverage to additional recipients, notably informal laborers, posed obstacles (Vu & Ho, 2021).…”

Section: Study Area and Data Collection Methodsmentioning

confidence: 99%

Adapting to the new normal: A sustainable livelihood framework for the informal sectors during COVID‐19

Nguyen‐Anh

Leu

Nguyen‐Thi‐Phuong

et al. 2023

Review Development Economics

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The extraordinary COVID-19 outbreak has heightened the existential dangers to the informal sector. This study explores the informal sector's tactics in Vietnam for mitigating the pandemic's effects and better adapting to the new normal. Using a sustainable livelihood approach (SLA) and multivariate model for ordered choices (MVOC) to conduct surveys on 513 subjects from the informal labor, our findings indicate that financial management is the most prevalent technique for mitigating the effects of COVID-19. Notably, the perception of the COVID-19 pandemic's impact on income and health is crucial to the adoption of mitigation efforts. The Vietnamese government, State Bank, and financial institutions should provide more help to the informal sector, particularly those operating in remote locations so that they can increase their resilience through mitigating measures. In parallel, the informal sector should participate in more deliberate forward mitigation planning in the anticipation of inevitable future shocks.

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Section: Study Area and Data Collection Methodsmentioning

confidence: 99%

Adapting to the new normal: A sustainable livelihood framework for the informal sectors during COVID‐19

Nguyen‐Anh

Leu

Nguyen‐Thi‐Phuong

et al. 2023

Review Development Economics

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“…Huterska et al [11] used logistic regression for modeling the impact on the socio-economic life of the population during the pandemic. Vu and Ho [12] used a similar toolkit to determine credit availability for persons engaged in informal work during quarantine restrictions, while Al-Ahmadi and Kasztelnik [13] investigated the labor market fluctuations as one of the essential components of an efficient economy (see [14]) They also draw attention in their study to the negative consequences of the pandemic for achieving the Sustainable Development Goals (SDG), even considering the revision of priorities for their achievement. It should also be noted the works whose authors explore ways to overcome the negative economic consequences of the pandemic.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of COVID-19 on the national development of countries: Implications for the public health

et al. 2023

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The article focuses on measuring the fluctuations in countries’ development as a result of the COVID-19 pandemic. The obtained measures make it possible to predict the extent of the impact of risks to public health on the economy, financial-budgetary, political-institutional development of states in the future, as well as the social determinants of public health. This assessment represents a new paradigm that makes it possible to effectively evaluate the manifestations of the consequences of COVID-19 and to identify the relevant determinants of the lack of resilience of the medical and social security systems to the coronavirus pandemic around the world. We picked the determinant of national development indicators of the 59 countries in order to measure the fluctuations in their economic development. In addition, we applied the binary response model for identifying the economic, financial-budgetary, and political-institutional development change with the happiness index of the countries being the dependent variable. The analysis of our empirical model made it possible for us to conclude that economic and financial-budgetary components have significantly increased the influence on well-being during the COVID-19 pandemic. In contrast, we observed the decrease in the impact of political and institutional indicators during the same period.

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“…Huterska et al (2021) used logistic regression for modeling the impact on the socio-economic life of the population during the pandemic. Vu and Ho (2022) used a similar toolkit to determine credit availability for persons engaged in informal work during quarantine restrictions, while Al-Ahmadi and Kasztelnik (2021) investigated the labor market fluctuations as one of the essential components of an efficient economy (see Kurian, 2021) They also draw attention in their study to the negative consequences of the pandemic for achieving the Sustainable Development Goals (SDG), even considering the revision of priorities for their achievement. It should also be noted the works whose authors explore ways to overcome the negative economic consequences of the pandemic.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of COVID-19 on the national development of countries: implications for the public health

Kuzmenko

Lyeonov

Letunovska

et al. 2022

Preprint

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The article focuses on measuring the fluctuations in countries' development as a result of the COVID-19 pandemic. The obtained measures make it possible to predict the extent of the impact of risks to public health on the economy, financial-budgetary, political-institutional development of states in the future, as well as the social determinants of public health. This assessment represents a new paradigm that makes it possible to effectively evaluate the manifestations of the consequences of COVID-19 and to identify the relevant determinants of the lack of resilience of the medical and social security systems to the coronavirus pandemic around the world. We picked the determinant of national development indicators of the 59 countries in order to measure the fluctuations in their economic development. In addition, we applied the binary response model for identifying the economic, financial-budgetary, and political-institutional development change with the happiness index of the countries being the dependent variable. The analysis of our empirical model made it possible for us to conclude that economic and financial-budgetary components have significantly increased the influence on well-being during the COVID-19 pandemic. In contrast, we observed the decrease in the impact of political and institutional indicators during the same period.

show abstract

Analysis of Factors Influencing Credit Access of Vietnamese Informal Labors in the Time of COVID-19 Pandemic

Cited by 13 publications

References 20 publications

Adapting to the new normal: A sustainable livelihood framework for the informal sectors during COVID‐19

Adapting to the new normal: A sustainable livelihood framework for the informal sectors during COVID‐19

Impact of COVID-19 on the national development of countries: Implications for the public health

Impact of COVID-19 on the national development of countries: implications for the public health

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