Impacts of COVID on University’s Finances

Abstract

Did universities benefit from the pandemic? Some did receive more funding than usual. We use vector autoregressive models to forecast both enrollment and public subsidies in a jurisdiction where public funding depends mostly on enrollment. Using unemployment as an established proxy for the impact of recessions on enrollment, we show that the recent COVID pandemic increases pressure on public subsidies. Further, we use our forecasts to decompose the current subsidies between long-term subsidies, recession induced subsidies, and additional funding. We find that the subsidies given during the pandemic were higher than what a typical recession would command for 8 universities out of 18.

Media, Trust in Government, and Risk Perception of COVID-19 in the Early Stage of Epidemic: An Analysis Based on Moderating Effect

“…The outbreak of COVID-19 in Wuhan rapidly swept the world, it had profound impacts on the economy and society [1][2][3][4][5], and also threatened human health both physically and mentally [6,7]. Governments around the world have adopted measures including closing the border, quarantining, and maintaining social distancing to deal with it [8].…”

Psychological Distress of International Students during the COVID-19 Pandemic in China: Multidimensional Effects of External Environment, Individuals’ Behavior, and Their Values

“…The outbreak of COVID-19 in Wuhan has spread rapidly worldwide. Almost 215 million people have contracted COVID-19 according to World Meters’ real-time data ( , accessed on 4 September 2021), which has led to serious economic and social consequences worldwide [ 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8 , 9 ]. Simultaneously, the COVID-19 pandemic not only affected physical health, but also mental health and well-being [ 10 ].…”