The effects of COVID-19 on global economic output and sustainability: evidence from around the world and lessons for redress

Morgan, Anthony Kwame; Awafo, Beatrice Aberinpoka; Quartey, Theophilus

doi:10.1080/15487733.2020.1860345

Cited by 47 publications

(40 citation statements)

References 22 publications

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“… Expressive approach Lockdown measures negatively affect international tourism and its revenue leading to an increase in its cost. Further, it increases healthcare issues and job insecurity, which affect the sustainability agenda Fan et al ( 2021 ) Asia Food challenges, supply chain, and COVID-19 pandemic Descriptive COVID-19 pandemic affects the food supply chain in a region Alcántara-Ayala et al ( 2021 ) Global economies Healthcare disasters and COVID-19 Discussion COVID-19 increases healthcare risks and exposure to the virus, causing severe healthcare emergencies worldwide Irfan et al ( 2021 ) Four countries COVID-19 cases, NO 2 , PM 2.5 , waste Expressive approach COVID-19 decreases air pollution levels and waste recycling Morgan et al ( 2021 ) Developing countries COVID-19, environment, and economic impacts Expressive approach COVID-19 negatively influenced global income and sustainability indicators that need to be overcome by better waste management practices and commitment to mitigate environmental concerns across countries Magazzino et al ( 2021 ) Brazil COVID-19 cases, renewable energy, and economic growth Artificial neural networks Renewable energy helps to increase economic output in the time of COVID-19 Sharif et al ( 2020 ) USA COVID-19-infected cases, oil prices, stock price index, and geopolitical risk index Wavelet approach COVID-19 pandemic increases the country’s geopolitical risk, economic uncertainty, stock market volatility, and oil shocks Salisu et al ( 2020 ) Ten countries COVID-19 pandemic, oil prices, and stock market index Panel VAR modeling technique Oil prices and the stock market index are moving in the opposite direction Aruna and Rajesh ( 2020 ) India COVID-19 pandemic, oil price shocks, and stock returns SVAR-X technique Stock returns positively influenced by oil price shocks during the COVID-19 pandemic, while oil exports shock negatively influenced stock returns in the current pandemic Mazur et al ( …”

Section: Introductionmentioning

confidence: 99%

Financial development, oil resources, and environmental degradation in pandemic recession: to go down in flames

Anser

Khan

Zaman

et al. 2021

Environ Sci Pollut Res

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The novel coronavirus disease-2019 (COVID-19) is a deadly disease that increases global healthcare sufferings. Further, it affects the financial and natural resource market simultaneously, as both are considered complementary goods. The volatility in the oil prices deteriorates the global financial market to substantiate the “financial resource (oil) curse” hypothesis primarily filled with earlier studies. In contrast, this study moved forward and extended the given relationship during the COVID-19 pandemic in a panel of 81 different countries. The study’s main objective is to examine the volatility in the domestic credit provided to the private sector due to oil shocks and the COVID-19 pandemic across countries. The study is essential to assess the healthcare vulnerability in the COVID-19 pandemic, leading to the damage of financial stability, causing deterioration in the oil rents to affect the global sustainability agenda. The study employed statistical techniques to get sound inferences of the parameter estimates, including robust least squares regression, seemingly unrelated regression, and innovation accounting matrix to get a variable estimate at the level and inter-temporal framework. The results confirmed the U-shaped relationship between oil rents and financial development during the COVID-19 pandemic. Thus, it verifies the “financial resource (oil) curse” hypothesis at the initial stage of the COVID-19 pandemic. Later down, it supports the capital market when economies are resuming their economic activities and maintaining the SOPs to restrain coronavirus at a global scale. The qualitative assessment confirmed the negative effect of financial development and oil shocks on environmental quality during the pandemic crisis. The innovation accounting matrix shows that the COVID-19 pandemic will primarily be the main factor that intervenes in the relationship between oil rents and financial development, which proceed towards the “resource curse” hypothesis during the following years’ time period. Therefore, the need for long-term economic policies is highly desirable to support the financial and resource market under the suggested guidelines of restraining coronavirus worldwide.

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Section: Introductionmentioning

confidence: 99%

Financial development, oil resources, and environmental degradation in pandemic recession: to go down in flames

Anser

Khan

Zaman

et al. 2021

Environ Sci Pollut Res

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“…The coronavirus outbreak is, first and foremost, a public health threat, but it is also, and increasingly, becoming an economic threat [49]. In addition to its significant social impacts and human dimension, the outbreak is a major economic shock, calling for a decisive and coordinated political response [58]. Job losses and pay cuts that have occasioned the response to the economic fallouts of the pandemic has led to significant financial constraints to the affected people.…”

Section: Discussionmentioning

confidence: 99%

COVID-19 and Psychological Distress among Older Adults in Ghana

Morgan¹,

Cobbold²,

Awafo³

et al. 2021

Anxiety, Uncertainty, and Resilience During the Pandemic Period - Anthropological and Psychological Perspectives

Self Cite

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COVID-19, the novel of all respiratory pandemics, has since its global invasion remained a significant threat in all spheres of human endeavour. This phenomenon has led to short-term and long-term psychosocial and mental health implications for many populations, particularly vulnerable groups, of which older people form part. This paper fills the lacuna in research on how the pandemic is breeding psychological distress among older people. Cross-sectional data were obtained from an Ageing, Health, Lifestyle and Health Services (AHLHS) study conducted between June 2020 and August 2020 (N = 400) in the Ashanti and Greater Accra regions of Ghana. Sequential logistic regression models were performed to estimate the variables that predict psychological distress, whereas descriptive statistics were used to determine the extent of psychological distress among the study population. This study revealed that psychological distress was somehow prevalent, necessitating early intervention to minimise the risks of the said health risk. Additionally, gender, employment status, chronic NCDs, perceived health status and receipt of COVID-19 information were significantly associated with psychological distress among the respondents. It is necessary to employ strategies to minimise the psychological distress in Ghana during this pandemic.

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“…Dengan menyampaikan publikasi para peneliti dari Kwame Nkrumah University of Science and Technology, yaitu Morgan, Awafo, and Quartey (2021) pada jurnal bereputasi, perserta diyakinkan fakta bahwa pandemi ini benar-benar telah menyebabkan resesi ekonomi di kebanyakan negara di dunia. Peserta diyakinkan juga oleh publikasi dari Vidya dan Prabheesh (2020) bahwa terhadap resesi ekonomi yang disebabkan oleh pandemic bersifat global.…”

Section: Resesi Ekonomi Bersifat Globalunclassified

Membangkitkan Optimisme Di Tengah Resesi Ekonomi Akibat Pandemi Covid-19 Melalui Webinar

Purwanto

2021

JPK

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<p><em>The community service is motivated by concerns about Indonesia's economic conditions because of the pandemic which is directly felt by all levels of society. The purpose of community service through the delivery of material in the Webinar is to raise public optimism, especially Webinar participants during the economic recession due to the COVID-19 pandemic. The implementation method is through the delivery of Webinar material at the invitation of the Central Board of MUKI. The materials presented included: (1) the impact of the pandemic on the economic recession and its scope, (2) the actual conditions of business operations during the pandemic, (3) the actual conditions of the employment during the pandemic, (4) the positive attitude in dealing with the crisis, and (5) business opportunities, especially online businesses, during the pandemic. The result is that participants have understood that the economic recession is not only affecting Indonesia, but is globally. Participants have realized the need to build optimism during a crisis and see business opportunities, especially online businesses, to be able to survive in the midst of a crisis</em></p>

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The effects of COVID-19 on global economic output and sustainability: evidence from around the world and lessons for redress

Cited by 47 publications

References 22 publications

Financial development, oil resources, and environmental degradation in pandemic recession: to go down in flames

Financial development, oil resources, and environmental degradation in pandemic recession: to go down in flames

COVID-19 and Psychological Distress among Older Adults in Ghana

Membangkitkan Optimisme Di Tengah Resesi Ekonomi Akibat Pandemi Covid-19 Melalui Webinar

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