Disease, Downturns, and Wellbeing: Economic History and the Long-Run Impacts of COVID-19

Arthi, Vellore; Parman, John

doi:10.3386/w27805

Cited by 9 publications

(3 citation statements)

References 69 publications

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“…Az Európai Bizottság 2008-ban ugyan kísérletet tett a versenyt torzító támogatás kiszűrésére (például felvásárlásokra nem lehetett felhasználni a támogatásokat), és döntéseivel fokozatosan alakította ki a támogatások engedélyezési rendszerét, de így is voltak olyan versenytorzítónak minősített tagországi lépések, amelyek tárgyalása az Európai Bíróságon fejeződött be. A bankmentések egy része államosítás formáját öltötte, s ahol ilyen részesedés tartósabban maradt állami tulajdonban, a versenytorzítást is nagyobbnak mérték (Arthi-Parman [2020], Banks [2021], Orbach [2020], Valentiny [2012], [2020]). ugyanakkor az Európai unió állami támogatási rendszere a bizottsági szintű döntési mechanizmussal elvileg lehetőséget teremt a versenyszabályok következetesebb érvényesítésére még a krízisek kezdeti stádiumában is.…”

Section: öSszegzésunclassified

Koronavírus-járvány és versenyszabályozás

Valentiny¹

2023

Közgazdasági Szemle

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Koronavírus-járvány és versenyszabályozásA világjárvány élénk versenypolitikai viták közepette érkezett. Röviden bemutatjuk ezeknek a vitáknak a legfontosabb fordulatait, majd ismertetjük a versenyhatóságok első reagálását a járvány adta új helyzetben. Ezt követően a járvány során leggyakoribb potenciális versenykorlátozó helyzeteket tekintjük át az árdrágítástól a versenytársak közötti együttműködésen át a fúziókig és az állami támogatások elosztásáig. Ahol erre lehetőség volt, ismertetjük az első elemzéseket a versenykorlátozások már jelentkező vagy várható hatásairól. * Journal of Economic Literature (JEL) kód: K21, L40, L41, L49.

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Section: öSszegzésunclassified

Koronavírus-járvány és versenyszabályozás

Valentiny¹

2023

Közgazdasági Szemle

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“…Furthermore, the crisis hit the world economy during a period of slow growth, especially since the 2008 financial crisis, together with increasing debt levels which reached 260 trillion dollars globally (322% of global GDP). Given the sheer scale of the shock combined with the already strained global macroeconomic climate, the long-term impacts of the crisis are expected to resemble and even exceed those of the Great Depression (Arthi & Parman, 2020;OECD, 2020;Saad-Filho, 2020). According to Roubini (2020), the sudden recession generated by this crisis in three weeks is equivalent to the one generated by the Great Depression in three years, therefore a "Greater Depression" is likely to shape the upcoming decade.…”

Section: Introductionmentioning

confidence: 99%

Poverty and income distribution incidence of the COVID-19 outbreak: investigating socially responsible policy alternatives for Turkey

Yeldan

Tekgüç²,

Ünsal

2022

Southeast European and Black Sea Studies

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The COVID-19 pandemic is being experienced as a multidimensional systemic crisis based on the simultaneous manifestations of the supply, demand, and financial shocks. These effects have already been realized in the exacerbation of deep inequalities in income distribution, in functional, regional, and gender terms; and therefore, in an environment where poverty is experienced with social exclusion due to severe inequalities of income. Within that context, this article has three interrelated objectives. First, we measure the macroeconomic impacts of COVID-19 for the Turkish economy through a general equilibrium model designed for this purpose. Second, we evaluate the effects of the crisis and the implemented policies thus far on poverty and income distribution. We find that in an optimistic scenario, Covid-19 would have increased poverty rate from 13.5 to 20%, and that government policies, at best, limited the increase in poverty to 18%. These policies also reduced the Gini coefficient by one percent at best. Finally, we propose more effective policy alternatives to mitigate the impacts of COVID-19 crisis on the Turkish economy which are compatible with public budget constraints.

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“…Some studies also point out that the rise in unemployment caused by the COVID-19 pandemic is expected to lead to an increase in the suicide rate (Kawohl and Nordt 2020;Gunnell et al 2020). Arthi and Parman (2020) examines the possible long-run impacts of COVID-19 economic consequences on various socio-economic outcomes from a historical perspective. None of these studies, however, directly investigate the effects of COVID-19 employment shocks on suicide and other socio-economic outcomes as we do.…”

Section: Introductionmentioning

confidence: 99%

The impact of COVID-19 employment shocks on suicide and safety net use: An early-stage investigation

Ando

Furuichi

2020

Preprint

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This paper examines whether the COVID-19-induced employment shock has increased suicides and the utilization of means-tested poverty alleviation programs in the first eight months of the COVID-19 crisis. We exploit plausibly exogenous regional variation in the magnitude of the employment shock in Japan and adopt a difference-in-differences (DID) research design to identify the employment-shock impact. Our preferred point estimates suggest that a one-percentage-point decrease in the employment rate in the second quarter of 2020 resulted in an additional 0.14-0.44 male suicides per one hundred thousand male population in June 2020 and an additional 5.3-7.9 Public Assistance recipients per one hundred thousand population in August 2020. The impacts on female suicides and other poverty alleviation programs are not precisely estimated, but there is suggestive evidence that the same employment shock has also increased the caseloads of the other poverty alleviation programs. We also examine the impact of the increase in the unemployment rate and find a positive impact on the poverty alleviation programs but not on suicides.

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Disease, Downturns, and Wellbeing: Economic History and the Long-Run Impacts of COVID-19

Cited by 9 publications

References 69 publications

Koronavírus-járvány és versenyszabályozás

Koronavírus-járvány és versenyszabályozás

Poverty and income distribution incidence of the COVID-19 outbreak: investigating socially responsible policy alternatives for Turkey

The impact of COVID-19 employment shocks on suicide and safety net use: An early-stage investigation

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