Macroeconomic Effects of COVID-19 Across the World Income Distribution

Alon, Titan; Kim, Minki; Lagakos, David; Vuren, Mitchell Van

doi:10.1057/s41308-022-00182-8

Cited by 14 publications

(13 citation statements)

References 51 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…While numerous studies have investigated the impact of COVID-19 on the African financial markets using stock markets returns (Del Lo, Basséne, & Séne, 2022;Kamoet, 2022, Segera, 2022Takyi, & Bentum-Ennin, 2021;and Zoungrana, et al, 2023), Other studies investigated the impact of COVID 19 in emerging markets using economic variables such as Balance of Payment, (Bortz, Michelena, & Toledo, 2020),. Inflation (Coulibaly, 2021), supply chain (Machingauta, Lungu, & Lungu, 2021), credit markets (Shipalana & O'riordan, 2020), and macro-economic factors (Alon, Kim, Lagakos, & Van Vuren, 2023)).…”

Section: Literature Reviewmentioning

confidence: 99%

“…One study by Wolhuter (2020) for instance, underscores that the pandemic supply chains disruptions contributed to an acceleration in inflation due to, among other things, the ongoing mismatch between demand and supply, sharp increases in shipping costs and commodity prices as well as tighter labor market conditions. Several studies focused on macroeconomics factors to measure the impact of the pandemic (Alon, Kim, Lagakos, & Van Vuren, 2023;Nwakoby et al, 2021). Alon et.al (2023) focused on Macroeconomic factors to understand why emerging markets were disproportionally more impacted by the pandemic than advanced economies and low-income countries.…”

Section: )mentioning

confidence: 99%

“…For instance, GDP per capita in emerging markets declined by 6.7 percent on average from 2019 to 2020, compared to 2.4 percent in advanced economies and 3.6 percent in low-income countries. Furthermore, research by Alon, et al (2023) claims that the representation of the middle of the world income distribution (emerging financial markets) had the most severe macroeconomic impact of the COVID-19 pandemic. In contrary to this, research by Salisu, Adediran, & Gupta (2022) concludes that the impact of the pandemic was more aggressive and with more lasting impacts on the advanced economies than the emerging ones.…”

Section: )mentioning

confidence: 99%

See 2 more Smart Citations

The Impact of The Covid-19 Pandemic on The Selected Countries in Sub-Saharan Africa in Terms of GDP, Inflation and Balance of Payment (BPM6)

Philippe Montout,

Kwasi Peprah,

A. Oriaku

et al. 2024

IJBMS

View full text Add to dashboard Cite

This study examines the impact of the COVID-19 pandemic on selected Sub-Saharan African countries in terms of GDP, Inflation, and Balance of Payment (BPM6) The paper addresses a significant knowledge gap regarding the pandemic's influence on emerging financial markets in Africa. A longitudinal research design was adopted, analyzing data from Ghana, Kenya, Nigeria, and South Africa between 2017 and 2022. The study utilized GDP per capita growth, Inflation, and Balance of Payment as dependent variables, employing a repeated measure of ANOVA for analysis. The use of the 6th edition of the Balance of Payments Manual (BPM6) is an important macro-economic indicator significant in determining the performance of any country with the rest of the world. The results indicate substantial shifts in BPM6, GDP, and inflation rates before and after the pandemic. Specifically, there was a decrease in BPM6 deficits, an increase in inflation rates, and a slowdown in GDP growth post-pandemic, highlighting COVID-19's significant economic impact. The study recommends implementing policies to stabilize the economy, focusing on fiscal stimuli to boost GDP, controlling inflation, and managing external debts to improve the balance of payments. This research provides valuable insights for policymakers, investors, and stakeholders to effectively navigate financial market dynamics in Africa during and beyond the pandemic era.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Section: )mentioning

confidence: 99%

Section: )mentioning

confidence: 99%

See 1 more Smart Citation

The Impact of The Covid-19 Pandemic on The Selected Countries in Sub-Saharan Africa in Terms of GDP, Inflation and Balance of Payment (BPM6)

Philippe Montout,

Kwasi Peprah,

A. Oriaku

et al. 2024

IJBMS

View full text Add to dashboard Cite

show abstract

“…Although the World Health Organization has declared the end of the COVID-19 pandemic as a "global health emergency," (1) the economic issues around it are still a matter of concern and analysis, especially in the noticeable constraints to economic activities during the pandemic and the expected consequences post-covid (2)(3)(4). The healthcare costs related to COVID-19 are a major problem faced by health authorities at the national level, and since the adult population is the most affected, more studies about the economic burden of COVID-19 have been published in this population compared with children.…”

Section: Introductionmentioning

confidence: 99%

Direct medical cost of COVID-19 in children hospitalized at a tertiary referral healthcare center in Mexico City

Reyes-López,

Jimenez-Juárez,

Salinas-Escudero

et al. 2023

Front. Public Health

View full text Add to dashboard Cite

IntroductionDespite the end of the COVID-19 pandemic being declared by the WHO, the economic consequences are far from over. One of these implications was the cost of inpatient care for health institutions. To date, some studies have examined the economic burden of COVID-19 in the adult population but only a few have focused on child populations.ObjectiveTo estimate the direct medical costs of COVID-19, focusing on children in Mexico.MethodData about resources consumed during hospital stays were extracted from the medical records of patients hospitalized at a Mexican tertiary healthcare institution. Other sources of information were the unit prices of inputs and the salaries of health personnel. A micro-costing methodology was used to obtain cost results by age group over different hospital areas. Data analysis was performed with descriptive statistics and regression models to evaluate the predictors of total cost.ResultsOne hundred and ten medical records were reviewed of which 57.3% corresponded to male patients and the mean age was 7.2 years old. The estimated average cost per patient was US$5,943 (95% CI: US$4,249–7,637). When the costs of the three clinical areas were summed, only the 5–10 years old group showed a maximum cost of US$14,000. The regression analysis revealed the following factors as significant: sex, age, staying at an emergency room, having a positive bacterial culture, and having comorbidities.DiscussionThe cost results were somewhat similar to those reported in children from the USA, but only regarding low severity COVID-19 cases. However, comparability between these types of studies should be done with caution due to the huge differences between the healthcare systems of countries. The study cost results may help public decision-makers in budget planning and as inputs for future cost-effectiveness studies about interventions regarding COVID-19.

show abstract

“…For a model-based comparison of the Covid-19 crisis across the world income distribution, seeAlon et al (2020) andAlon et al (2021).…”

mentioning

confidence: 99%

The Fiscal and Welfare Effects of Policy Responses to the Covid-19 School Closures

et al. 2023

View full text Add to dashboard Cite

Based on data on school visits from Safegraph and on school closures from Burbio, we document that during the Covid-19 crisis secondary schools were closed for in-person learning for longer periods than elementary schools, private schools experienced shorter closures than public schools, and schools in poorer US counties experienced shorter school closures. To quantify the long-run consequences of these school closures, we extend the structural life cycle model of private and public schooling investments by Fuchs-Schündeln et al. (Econ J 132:1647–1683, 2022) to include private school choice and feed into the model the school closure measures from our empirical analysis. Future earnings and welfare losses are largest for children that started public secondary schools at the onset of the Covid-19 crisis. Comparing children from the top to children from the bottom quartile of the income distribution, welfare losses are 0.5 percentage points larger for the poorer children if school closures were unrelated to income. Accounting for the longer school closures in richer counties reduces this gap by about 1/4. A policy intervention that extends schools by 6 weeks generates significant welfare gains for children and raises future tax revenues sufficient to pay for the cost of this schooling expansion.

show abstract

Macroeconomic Effects of COVID-19 Across the World Income Distribution

Cited by 14 publications

References 51 publications

The Impact of The Covid-19 Pandemic on The Selected Countries in Sub-Saharan Africa in Terms of GDP, Inflation and Balance of Payment (BPM6)

The Impact of The Covid-19 Pandemic on The Selected Countries in Sub-Saharan Africa in Terms of GDP, Inflation and Balance of Payment (BPM6)

Direct medical cost of COVID-19 in children hospitalized at a tertiary referral healthcare center in Mexico City

The Fiscal and Welfare Effects of Policy Responses to the Covid-19 School Closures

Contact Info

Product

Resources

About