Economic development and income inequality: Role in country resistance to COVID-19

Vasylieva, Тetiana; Vysochyna, Alina; Filep, Bálint

doi:10.14254/2071-789x.2022/15-4/14

Cited by 6 publications

(2 citation statements)

References 57 publications

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“…Thus, we should use the Savage normalisation for indicators-inhibitors (Water, CO2, NO2, Cons, Loss, Gini, Infl) and the natural normalisation for stimulatory indicators (Ren_prod, Empl, School, GDP_pc, GGFC, GCF, Mil_exp, Trade, Res). This approach is described in properly in a previous work (Vasylieva et al, 2022). The parameters brought to a comparable form range from 0 to 1.…”

Section: Resultsmentioning

confidence: 99%

Optimisation of socio-economic, environmental and public health determinants of national security for post-pandemic recovery

Firstová,

Vysochyna

2024

HEM

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The COVID-19 pandemic became a significant test for social and economic stability worldwide. Its destructive effect forces authorities to overcome negative impacts and ensure socio-economic recovery. The research distinguishes socio-economic, environmental and public health determinants of national security before and after the pandemic. The post-pandemic recovery strategy covers various perspectives: urban, tourism, employment, healthcare, economic recovery; sustainable development; innovations and investments; environment protection; social and psychological support. We develop the National Security Index. It comprises 16 indicators of economic, environmental and social proxies of national security. The Index concerns 34 European countries in 2000-2022. Several methods were applied. Firstly, the natural and Savage normalisation (to bring indicators to a comparable form). Secondly, the principal component analysis, the Fishburn formula and ranking (to define the significance of indicators). Thirdly, the additive-multiplicative convolution (to integrate individual parameters). The National Security Index showed a delayed COVID-19 destructive impact (in 2020 the Index decreased in 2 out of 34 countries). Negative trends of the pandemic revealed actively in 2021 (the Index decreased in 14 out of 34 countries) and became dramatical in 2022 (the Index decreased in 28 out of 34 countries). Factor analysis showed that national security improvement in 2019, 2020 and 2022 mostly depended on 3-4 determinants while 6 determinants became especially crucial for the national security in 2021. Summarising the results, we can single out a range of important steps to achieve the post-pandemic recovery in national security. Economic measure might be focused on overcoming inflation, government expenditures, optimisation and maintenance of the socio-economic resilience by increase of total reserves in months of imports. Environmental measures consist in strengthening energy independence (reduction of energy production and distribution losses, fall of greenhouse gas emissions). Social measures are simulating employment. The regression analysis findings confirm no statistically significant impact of public health determinants on national security in 2019-2022.

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Section: Resultsmentioning

confidence: 99%

Optimisation of socio-economic, environmental and public health determinants of national security for post-pandemic recovery

Firstová,

Vysochyna

2024

HEM

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“…The prospects of achieving SDGs under the conditions of such a serious threat also evoked many doubts among respondents who participated in the questionnaire. Their estimations are mostly critical, reflecting the real economic and social shock experienced during the first waves of the pandemic, and this has been a main focus in the studies conducted by other researchers [5,[51][52][53][54][55]. Therefore, we can consider such measurements as empirically confirmed reactions to the massive risks, during which global goals often yield to personal needs.…”

Section: Discussionmentioning

confidence: 99%

Ensuring Sustainable Development in Light of Pandemic “New Normal” Influence

Mishchuk,

Czarkowski,

Neverkovets

et al. 2023

Sustainability

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The study aims to estimate the possibilities of sustainable development, ensuring and achieving the sustainable development goals (SDGs) in light of challenges caused by the pandemic’s “new normal”. In this regard, the study employs bibliometric and empirical approaches. Based on the bibliometric analysis results, it is found that the main focus of sustainable development studies during the pandemic is on economic issues (particularly, innovations and strategic decision-making) while also addressing humanitarian problems such as ensuring health and well-being. To find the practical problems in ensuring sustainable development during the pandemic period, we used the case of Ukraine with appropriate empirical analysis at two levels. Therefore, we estimated the achievements of SDGs compared to planned indicators for 2020 (as the last report data available for this study). As a result, the low level of achievements is proven; particularly, only 20% of planned indicators are fulfilled with planned values. Moreover, the sociological research is conducted to reveal the subjective perceptions of the pandemic’s influence on the possibilities of achieving SDGs. The survey was conducted during the second pandemic wave in December 2020–January 2021, involving 416 respondents. The obtained results confirmed the ambiguous influence of the pandemic. On the one hand, the positive changes are typical for healthcare services and distance learning. However, the negative influence of the pandemic’s “new normal” on SDGs is confirmed by respondents through their concerns about the effects of the pandemic on the development of investments and agricultural technologies as well as the progress in goals, such as “Industry, Innovation, and Infrastructure” and “Sustainable Cities and Communities”.

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Determinants for post-pandemic recovery of macroeconomic stability: Evidence from European countries

Vysochyna,

Vasylieva,

Cieśliński

et al. 2024

Economics &Amp; Sociology

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The destructive consequences of the COVID-19 pandemic have negatively affected socioeconomic indicators and disrupted macroeconomic stability. The aim of the study is to determine the optimal combination of financial, socioeconomic, and public health determinants based on their relevance for the post-pandemic recovery of macroeconomic stability. For this purpose, principal component analysis was used to form an initial macroeconomic stability index by integrating such indicators as GDP growth, unemployment rate, consumer price index, current account balance, and trade volume. Next, the Granger test and panel data regression modeling was employed to identify the causality between the level of macroeconomic stability and a set of financial, socioeconomic and public health determinants. Finally, the financial, socioeconomic, and public health determinants were ranked according to their impact on macroeconomic stability. The obtained empirical results can be used to improve the financial, economic, and health care state policies in terms of strengthening country resistance to risks caused by a pandemic or other similar threats in the future.

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Economic development and income inequality: Role in country resistance to COVID-19

Cited by 6 publications

References 57 publications

Optimisation of socio-economic, environmental and public health determinants of national security for post-pandemic recovery

Optimisation of socio-economic, environmental and public health determinants of national security for post-pandemic recovery

Ensuring Sustainable Development in Light of Pandemic “New Normal” Influence

Determinants for post-pandemic recovery of macroeconomic stability: Evidence from European countries

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