Economic implications of coronavirus

Siddiquei, Mohd Imran; Khan, Waseem

doi:10.1002/pa.2169

Cited by 34 publications

(33 citation statements)

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“…The level of perishability in fruits of vegetables is being determined based on the high‐water content (Bastin & Henken, 2011; Sagar & Suresh Kumar, 2010; Yadav & Singh, 2014). Siddiquei and Khan (2020) argued that lockdown due to COVID‐19 has put people into quarantine at home, which has led a hoarding of perishable and nonperishable items resulting an increase in the retail prices of essential food commodities. Richards and Rickard (2020) analysed the impact of COVID‐19 on the fruit and vegetable markets in Canada and highlighted that the Canadian fruit and vegetable markets were significantly impacted by the spread of the novel coronavirus due to the closure of restaurants and other institutional establishments and growers and distributors were forced to shift supplies almost entirely from the food‐service to the retail channel.…”

Section: Introductionmentioning

confidence: 99%

Impact of COVID-19 pandemic on agricultural wholesale prices in India: A comparative analysis across the phases of the lockdown

Ali

Khan

2020

J Public Affairs

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This paper attempts to analyse the impact of COVID‐19 lockdown on wholesale prices of the agricultural commodities particularly fruits and vegetables in the Union Territory of Jammu and Kashmir, India. This study is based on the daily data collected from AGMARKNET of all major agricultural markets under the Agricultural Produce Market Committee (APMC). The difference in weighted wholesale prices has been analysed before and during COVID‐19 and across various phases of the lockdown. The analysis of the difference in the weighted average wholesale prices across markets and commodities has shown a mixed response. The most hydrating perishable fresh fruits and vegetables with high water content have faced a significant decline in wholesale prices during the lockdown. On the contrary, other perishable fruits and vegetables have realized a gain in the average wholesale prices. The weighted average wholesale price has also declined over the phases of the lockdown. This study provides timely feedback for preparing all the stakeholders of the agricultural marketing chain to understand and formulate coping strategies to make the system resilient.

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Section: Introductionmentioning

confidence: 99%

Impact of COVID-19 pandemic on agricultural wholesale prices in India: A comparative analysis across the phases of the lockdown

Ali

Khan

2020

J Public Affairs

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“…They provide a number of observations as to why this situation occurred." Siddiquei and Khan (2020) conduct "an indepth analysis of how the disease is affecting transport, hospitality, food and beverage, and the stock market. "…”

Section: Introductionmentioning

confidence: 99%

Impact of the coronavirus pandemic crisis on the financial system in the eurozone

Itō

2020

J Corp Accounting Finance

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The stress in the financial system in five eurozone countries (Germany, France, Italy, Portugal, and Spain) was not connected before the COVID-19 pandemic crisis. Credit default swap premiums were priced independently, not incorporating the sovereign risk of the eurozone as a whole. However, during the period of pandemic crisis, the stress was connected in five countries. The financial market was cautious about the increased fiscal deficit caused by massive spending in the pandemic crisis, fearing that the deficit might cause increased risk in the financial system of the eurozone as a whole. The symptoms of financial crisis sprouted after the pandemic crisis started. We need to monitor whether countermeasures taken by European Central Bank (ECB) and European Union (EU) contribute to the stability of financial system in the eurozone.

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“…Emirati Airlines, hotels, and other travel and tourism-related businesses have experienced significant oversupply and must take decisive actions (Oxford Analytica, 2020). The Etihad Airways based in Abu Dhabi and Emirates Airline in Dubai have asked their employees to stay at home due to reduced number of flights thereby not excluding the possibility of layoffs (Siddiquei and Khan, 2020).…”

Section: Methodsmentioning

confidence: 99%

“…Given the international travel bans that affect more than 90% of the global population and widespread restrictions on public gatherings and community mobility, tourism largely ceased in March 2020 (Gössling et al, 2020). Since the quarantine introduction, millions of jobs in the global tourism sector were lost due to flight, event and hotel cancellations (Siddiquei and Khan, 2020).…”

Section: Introductionmentioning

confidence: 99%

COVID-19 impact and survival strategy in business tourism market: the example of the UAE MICE industry

Aburumman

2020

Humanit Soc Sci Commun

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Today the industry of meetings, incentives, conferences and exhibitions, commonly known under the name of MICE, contributes to economic diversification and actively stimulates the rational use of cultural-historical and natural recreational resources. As of 2019, the total contribution of the tourism sector to the GDP of the United Arab Emirates (UAE) equalled 11.5 per cent. More than 2.3 million visitors cited business as their main purpose of travel to Dubai in 2019, marking a two per cent increase compared to 2018. Thus, the UAE MICE industry was among the global leaders before the COVID-19 pandemic occurred. As a result of severe quarantine measures, the majority of destinations all over the world introduced COVID-19-related travel restrictions that were valid until May 2020. In the UAE, like in any other country, the coronavirus pandemic affected every industry, and especially the MICE one. Even though the consequences of COVID-19 have been multiply analysed by many UAE researchers, its global and local impact on the MICE industry, as well as the strategies for MICE companies’ survival, are described insufficiently. This study aimed to investigate the COVID-19 impact on both the global and the UAE MICE markets and identify a competitive survival strategy for tourism companies on the example of those operating in the UAE. The research revealed that under the conditions of harsh travel restrictions and closed borders, the UAE MICE industry is faced with a sharp reduction of demand. Emirati Airlines, hotels, and other tourism-related businesses have experienced significant material losses. In particular, the drop in scheduled departure flights comprised 82%. The multiplicative analysis performed in the course of the study identified the 5P marketing strategy and an outsourcing method as an optimal solution for MICE companies’ survival and recovery. The study results can be used by MICE businesses or researchers using specific company and market data for developing strategies aimed at overcoming COVID-related crisis and increasing the competitiveness of MICE companies in particular and the market as a whole.

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Economic implications of coronavirus

Cited by 34 publications

References 0 publications

Impact of COVID-19 pandemic on agricultural wholesale prices in India: A comparative analysis across the phases of the lockdown

Impact of COVID-19 pandemic on agricultural wholesale prices in India: A comparative analysis across the phases of the lockdown

Impact of the coronavirus pandemic crisis on the financial system in the eurozone

COVID-19 impact and survival strategy in business tourism market: the example of the UAE MICE industry

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