The economics of COVID-19 pandemic: A survey

Padhan, Rakesh; Prabheesh, K.P.

doi:10.1016/j.eap.2021.02.012

Cited by 340 publications

(232 citation statements)

References 81 publications

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“…With the emergence of the COVID-19 pandemic, the world’s stock markets have suffered unparalleled decreases in the face of great uncertainty. If a market is effective in a weak form, asset prices are, according to effective market expectations, all available and relevant information on the market (Brodeur et al 2021 ; Padhan and Prabheesh 2021 ). In financial theory, the efficient market hypothesis (EMH) has been regarded as mainstream.…”

Section: Introductionmentioning

confidence: 99%

RETRACTED ARTICLE: COVID-19 and stock exchange return variation: empirical evidences from econometric estimation

Latif

Bashir

et al. 2021

Environ Sci Pollut Res

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This research looked at the effects of COVID-19 on a number of the world’s most important stock exchanges, as well as the empirical relation between the COVID-19 wave and stock market volatility. In order to plan proper portfolio diversification in international financial markets, researchers must examine COVID-19 anxiety in relation to stock market volatility. The stock market volatility connected with the COVID-19 pandemic was measured using AR(1)-GARCH(1,1). COVID-19 fear, according to our research, is the ultimate driver of public attention and stock market volatility. The findings show that throughout the pandemic, stock market performance and GDP growth both declined significantly due to average increases. Furthermore, a 1% increase in COVID-19 causes a 0.8% and 0.56% decline in stock return and GDP, respectively. The stock market, on the other hand, showed a slight movement in GDP growth. Furthermore, the COVID-19 pandemic reported cases index, death index, and global panic index all influenced public perceptions of purchasing and selling. As a result, rather than investing in stocks, it is recommended that you invest in gold. The research also makes policy recommendations for important stakeholders. We look to examine how stock returns respond dynamically to unanticipated changes in the COVID-19 scenarios, as well as the uncertainty that comes with a pandemic. Using daily data from Canada and the USA, we conclude that a spike in COVID-19 instances has a negative impact on the stock market in general. Furthermore, in both the increase and decline scenarios in Canada, the stock return reactions are asymmetric. The disparity is due to the unfavorable impact of the pandemic’s unpredictability. We also discovered that uncertainty had a negative impact on the US stock market. The magnitude, however, is insignificant.

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Section: Introductionmentioning

confidence: 99%

RETRACTED ARTICLE: COVID-19 and stock exchange return variation: empirical evidences from econometric estimation

Latif

Bashir

et al. 2021

Environ Sci Pollut Res

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“…In respect of the state of art relative to academic research on diverse financial and economic consequences of the pandemic, including design and implementation of policies facilitating recovery from the Covid-triggered slowdown, it is worth acknowledging that the respective literature has recently grown with a rapid pace ( [13][14][15][16][17][18][19][20]; and references therein). However, a major part of academic publications addressing the reaction of financial markets to the pandemic is mostly focused on the stock market impacts ( [3,5,8,9,21,22]; among others), commodities ( [23][24][25][26][27]; among others), currencies and crypto-currencies [28][29][30][31].…”

Section: Covid-19 Impact On Financial Marketsmentioning

confidence: 99%

The impact of the Covid-19 related media coverage upon the five major developing markets

2021

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This paper analyses the influence of the Covid-19 coverage by the social media upon the shape of the sovereign yield curves of the five major developing countries, namely Federative Republic of B razil, Russian Federation, Republic of India, People’s Republic of China, and the Republic of South Africa (BRICS). The coherenc e between the level, slope, and the curvature of the sovereign yield term structures and the Covid-19 medi a coverage is found to vary between low and high ranges, depending on the phases of the pandemic. The empirical estimations of the yield-curve factors a re performed by means of the Diebold–Li modified version of the Nelson–Siegel model. The intervals of low coherence reveal the capacity of the two latent factors, level and slope, to be used for creating cross-factor diversification strategies, workable under crisis conditions, as evidenced on the example of the ongoing pandemic. Diverse coherence patterns are reported on a per-country basis, highlighting a promising potential of sovereign debt investments for designing cross-country and cross-factor fixed-income strategies, capable of hedging downside risks.

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“…The literature on the COVID-19 pandemic from a business and economics point of view has grown at an unprecedented rate, with over 100 papers on this subject in business and economics journals (for surveys of the literature, see Padhan & Prabheesh, 2021;. In this note, we develop different measures of COVID-19 using data from all articles on the COVID-19 pandemic in the 45 most popular newspapers worldwide.…”

Section: Introductionmentioning

confidence: 99%

New Measures of the COVID-19 Pandemic: A New Time-Series Dataset

Narayan

Iyke

Sharma

2021

Asian Economics Letters

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The multitude of papers exploring the effects of the COVID-19 pandemic over the last 12 months has motivated us to develop new, alternative measures of COVID-19. One limitation of current research has been the lack of robustness in quantifying the effects of the pandemic. We use a novel approach, word searches from popular newspaper articles, to capture key variants of proxies for the pandemic. We thus construct six different indices relating to the COVID-19 pandemic, including a COVID index, a medical index, a vaccine index, a travel index, an uncertainty index, and an aggregate COVID-19 sentiment index.

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The economics of COVID-19 pandemic: A survey

Cited by 340 publications

References 81 publications

RETRACTED ARTICLE: COVID-19 and stock exchange return variation: empirical evidences from econometric estimation

RETRACTED ARTICLE: COVID-19 and stock exchange return variation: empirical evidences from econometric estimation

The impact of the Covid-19 related media coverage upon the five major developing markets

New Measures of the COVID-19 Pandemic: A New Time-Series Dataset

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