Coronavirus Disease (Covid-19), is Global Recession Evitable?

Maijamaa, Bilkisu; Nweze, Nwaze Obini; Bagudu, Hauwa Daniyan

doi:10.51263/jameb.v4i2.105

Cited by 3 publications

(2 citation statements)

References 1 publication

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“…The situation for 2019-2020 (Pandemic) shows very different things compared to the period before the pandemic. A pandemic causes a scenario similar to a monetary crisis but has a smaller and more manageable impact [21]. Indonesia is a country that has unique employment characteristics, namely the tendency to change jobs when an economic crisis occurs.…”

Section: The Elasticity Of the Employment Fieldmentioning

confidence: 99%

The Dynamic of Labors Absorption During the Covid-19 Pandemic in Bangka Belitung Islands

Ginting,

Giri,

Khansabyla

et al. 2023

E3S Web Conf.

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Bangka Belitung is a natural resources-rich province in Indonesia, especially tin metal. The covid-19 pandemic has had a huge impact on labor and economic conditions in Bangka Belitung. The method used in this study is using secondary data from the Central Bureau of Statistics Bangka Belitung. Analysis of trends and characteristics of labor absorption is done by analyzing several indicators such as the characteristics of the employment sector, the attribute of employment status, the characteristics of the types of employment, and the elasticity of the employment field. The results of data acquisition are then analyzed using descriptive quantitative data analysis. The study shows a shift in the dominance of workers from the primary to the tertiary sector. The dynamic of labor absorption in Bangka Belitung Island is mainly affected by covid-19 and technology. The agricultural sector is the dominant type of work and has the highest increase in labor absorption in 2020 at 2,98%. A significant decrease was 3,58% in the mining sector as a major sector in Bangka Belitung. Labor productivity shows a fluctuating trend in each sector. Employment decreased during the pandemic followed by the substitution of jobs that focus on the formal sector for the informal sector.

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Section: The Elasticity Of the Employment Fieldmentioning

confidence: 99%

The Dynamic of Labors Absorption During the Covid-19 Pandemic in Bangka Belitung Islands

Ginting,

Giri,

Khansabyla

et al. 2023

E3S Web Conf.

View full text Add to dashboard Cite

show abstract

“…In many respects, the conclusions reached by the literature on the financial crisis of 2008 can also be extended to the current international crisis caused by the spread of the Coronavirus. The lack of liquidity caused by COVID-19 makes the current crisis very similar to a financial crisis, since, as pointed out by Maijamaa et al (2020), the companies most dependent on cash flows will not have sufficient monetary reserves to meet their obligations, and, also due to the simultaneous decline in demand, will be forced to file for bankruptcy.…”

Section: Literature Reviewmentioning

confidence: 99%

The Negotiated Settlement of the Crisis and the Cash Flows of Large Unlisted Italian Companies

Baldissera¹

2022

ERSJ

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Purpose:The recent introduction in Italy of the negotiated settlement of the crisis represents further progress towards the creation of useful tools to counter the failure of illiquid or close to insolvency companies. Access to the negotiated settlement of the crisis and the outcome that can result from it are strongly connected to the financial situation of the company. The purpose of this research is to analyze the financial situation of large unlisted Italian companies, in order to verify the advisability of using the new institute and the depth of the consequent management interventions. Design/Methodology/Approach: The research used the methodological scheme referred to in the Decree of the Ministry of Justice of 28 September 2021 to identify which variables were relevant for the purposes of accessing the procedure of crisis' negotiated settlement. The variables thus identified were analyzed according to the statistical method both in the year 2020, which experienced the exceptional nature of the pandemic shock, and, for comparison purposes, in the previous four years. Findings: The research has highlighted how the majority (53%) of the companies observed showed substantial economic stability and considerable financial resistance to the crisis. Furthermore, based on data for the financial year 2020, it was estimated that the number of large Italian companies potentially interested in the new institute of crisis' settlement is around 400, out of a total of over 900 companies. Practical Implications: The analysis scheme developed by the research can represent a useful tool for verifying the potential of the new procedure of crisis' negotiated settlement and can also be applied to the study of specific sectors or to small and medium-sized enterprises. Originality/Value: The originality of the research consists in having adapted the individual practical test provided for by the Law Decree of 24 August 2021, no. 118, to obtain an analysis tool applicable at an aggregate level.

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The effects of COVID-19 on agriculture supply chain, food security, and environment: a review

Mahmood,

Furqan,

Meraj

et al. 2024

PeerJ

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COVID-19 has a deep impact on the economic, environmental, and social life of the global population. Particularly, it disturbed the entire agriculture supply chain due to a shortage of labor, travel restrictions, and changes in demand during lockdowns. Consequently, the world population faced food insecurity due to a reduction in food production and booming food prices. Low-income households face food security challenges because of limited income generation during the pandemic. Thus, there is a need to understand comprehensive strategies to meet the complex challenges faced by the food industry and marginalized people in developing countries. This research is intended to review the agricultural supply chain, global food security, and environmental dynamics of COVID-19 by exploring the most significant literature in this domain. Due to lockdowns and reduced industrial production, positive environmental effects are achieved through improved air and water quality and reduced noise pollution globally. However, negative environmental effects emerged due to increasing medical waste, packaging waste, and plastic pollution due to disruptions in recycling operations. There is extensive literature on the effects of COVID-19 on the environment and food security. This study is an effort to review the existing literature to understand the net effects of the pandemic on the environment and food security. The literature suggested adopting innovative policies and strategies to protect the global food supply chain and achieve economic recovery with environmental sustainability. For instance, food productivity should be increased by using modern agriculture technologies to ensure food security. The government should provide food to vulnerable populations during the pandemic. Trade restrictions should be removed for food trade to improve international collaboration for food security. On the environmental side, the government should increase recycling plants during the pandemic to control waste and plastic pollution.

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Coronavirus Disease (Covid-19), is Global Recession Evitable?

Cited by 3 publications

References 1 publication

The Dynamic of Labors Absorption During the Covid-19 Pandemic in Bangka Belitung Islands

The Dynamic of Labors Absorption During the Covid-19 Pandemic in Bangka Belitung Islands

The Negotiated Settlement of the Crisis and the Cash Flows of Large Unlisted Italian Companies

The effects of COVID-19 on agriculture supply chain, food security, and environment: a review

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