The Economic Ripple Effects of COVID-19

Buera, Francisco J.; Jaef, Roberto N. Fattal; Neumeyer, Pablo Andrés; Hopenhayn, Hugo A.; Shin, Yongseok

doi:10.3386/w28704

Cited by 31 publications

(14 citation statements)

References 6 publications

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Section: Introductionsupporting

confidence: 81%

“…Most closely related to our work are Buera et al (2021a) and Jo et al (2021). Buera et al (2021a) examine the impact of a pandemic shock on heterogeneous firms facing financial frictions, also including occupational choice and labor market frictions. Jo et al (2021) use a model setting similar to ours which additionally features households with different health status (and hence endogenous pandemic dynamics).…”

Section: Introductionsupporting

confidence: 81%

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Rescue Policies for Small Businesses in the COVID-19 Recession

Nola

Kaas

Wang³

2022

SSRN Journal

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Section: Introductionsupporting

confidence: 81%

Section: Introductionsupporting

confidence: 81%

Rescue Policies for Small Businesses in the COVID-19 Recession

Nola

Kaas

Wang³

2022

SSRN Journal

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“…An increase in business failures can also pose a risk to the banking sector through a rise in non-performing credits [3]. Because financial systems play a key mediating role in channeling savings into productive activities, failure in this function can significantly exacerbate the already significant economic impact of the pandemic shock [22].…”

Section: Empirical Analysis Of Outcomes and Findingsmentioning

confidence: 99%

Covid-19, Business Failure and Bank Loan Collapse: Albanian Case

Mano¹,

Anamali²,

Shosha³

2021

ujaf

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The purpose of this paper is to make an analysis of challenges to private sectors repaying bank loans during and after lockdown restrictions imposed by Albanian government due to Covid-2019 pandemic, and their prospects for bank lending. Design/ Methodology/ Approach. This paper uses a mixed methodology. To collect primary data, we distributed online questionnaires to a number of Albanian firms. The sample collected is a probability sample of business population operating in Albania. The data collected are subsequently processed with the inferential statistical methods using SPSS version 21. Findings. This study identifies and examines the impact of Covid-19 on businesses that have taken credits during the pre-pandemic period. The results indicate that the risk of deferring loan repayments depends on businesses age, i.e., years of operating in the market, and the use of cash reserve funds of business. The need for liquidity and the perspective shows that firms are reluctant and not sure whether to opt for a bank loan. The factors influencing their decision in this regard are government policies, interest rates and uncertainty in the future. Originality/value. By analyzing the relationship between two important pillars of the domestic economy, this paper represents a novelty. Albania is a developing country and this study would help in future research both for Albania and other similar countries. The findings of this paper can also be used as a baseline for a future forecast model. They could help in analyzing private sector credits in a new socio-economic and geopolitical era caused by Covid-19 pandemic.

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“…Further, the literature on the economic consequences of the COVID-19 pandemic is broad and thorough [ 3 , 4 , 9 , 11 , 18 , 19 , 20 , 21 , 22 , 23 , 24 , 25 , 26 ]. Economic downturn of one country, e.g.,the U.S., will have different spill-over effects on other economic ecosystems, e.g.,the European Union, as suggested by Wang and Han [ 18 ]; no economy is isolated due to global interconnections and thus cannot avoid the economic impact of the pandemic from abroad (Chudik et al [ 3 ]).…”

Section: Introductionmentioning

confidence: 99%

Reshaping the Healthcare Sector with Economic Policy Measures Based on COVID-19 Epidemic Severity: A Global Study

2022

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Governments around the world are looking for ways to manage economic consequences of COVID-19 and promote economic development. The aim of this study is to identify the areas where the application of economic policy measures would enhance the resilience of societies on epidemic risks. We use data on the COVID-19 pandemic outcome in a large number of countries. With the estimation of multiple econometric models, we identify areas being a reasonable choice for economic policy intervention. It was found that viable remediation actions worth taking can be identified either for long-, mid-, or short-term horizons, impacting the equality, healthcare sector, and national economy characteristics. We suggest encouraging research and development based on innovative technologies linked to industries in healthcare, pharmaceutical, and biotech, promoting transformation of healthcare systems based on new technologies, providing access to quality healthcare, promoting public healthcare providers, and investing in the development of regional healthcare infrastructure, as a tool of equal regional development based on economic assessment. Further, a central element of this study, i.e. the innovative identification matrix, could be populated as a unique policy framework, either for latest pandemic or any similar outbreaks in future.

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The Economic Ripple Effects of COVID-19

Cited by 31 publications

References 6 publications

Rescue Policies for Small Businesses in the COVID-19 Recession

Rescue Policies for Small Businesses in the COVID-19 Recession

Covid-19, Business Failure and Bank Loan Collapse: Albanian Case

Reshaping the Healthcare Sector with Economic Policy Measures Based on COVID-19 Epidemic Severity: A Global Study

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