The Impact of COVID-19 Pandemic on the Economic Security of Russia and European Countries

Kozicki, Bartosz; Górnikiewicz, Marcin; Walkowiak, Marzena

doi:10.35808/ersj/1886

Cited by 7 publications

(6 citation statements)

References 2 publications

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“…During the pandemic, it was particularly important for countries to maintain economic security in order to further their economic development and to provide a sense of security and guarantees that solutions will be sought to tackle the spread of the infection (Kozicki et al, 2020). Covid-19 demonstrates vividly the vulnerabilities of a globalised economy.…”

Section: Th E Importance and The Role Of Economic Securitymentioning

confidence: 99%

The Economic Security of Small and Medium-Size Lithuanian Companies in the Context of the Covid-19 Pandemic

Kurienė¹

2022

Regional Formation and Development Studies

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The Covid-19 pandemic brought changes to every country’s economy. The increasing number of cases, the lack of equipment and supplies, and the disruption of production and services, led to strong measures to stop the spread of the virus. The pandemic also had a significant impact on the stability of existing businesses. The announcement of lockdown and the resulting restrictions influenced consumer behaviour, and companies have had to adapt quickly to current changes in order to maintain economic security. The suspension or restriction of activities affected the income, profits and business continuity of companies. The main purpose of this article is to analyse how the Covid-19 pandemic affected the economic security of small and medium-size Lithuanian companies. What impact did the pandemic have on the Lithuanian economy and the business dynamics of organisations? Using research methods, scientific literature and statistical data, a comparative analysis was performed to assess the impact of the Covid-19 pandemic on Lithuanian organisations. Based on the results, Lithuania was the least affected by the pandemic in the context of the European Union. However, there was a lot of uncertainty at the beginning of 2021; but the economy grew faster than expected. The volume of industrial production increased, retail and international trade grew. Despite the pandemic, growth was maintained in the manufacturing, wholesale and retail sectors. The impact of the pandemic was felt most in the services sector: accommodation and food service activities, the arts, entertainment and recreation, service and administrative activities.

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Section: Th E Importance and The Role Of Economic Securitymentioning

confidence: 99%

The Economic Security of Small and Medium-Size Lithuanian Companies in the Context of the Covid-19 Pandemic

Kurienė¹

2022

Regional Formation and Development Studies

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“…On the other hand, changes in shopping habits and preferences have become an opportunity for the development of transport enterprises in connection with the increased interest in the e-commerce industry (Alaimo, Fiore, and Galati, 2020;Chang and Meyerhoefer, 2020) and the decline in fuel prices on global markets (Sansa, 2020;Ghazanfari, 2020;European Commission, 2020;Kozicki, Górnikiewicz and Walkowiak, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of COVID-19 on Road Freight Transport Evidence from Poland

Łącka¹,

Suproń²

2021

ERSJ

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Purpose:The main aim of this article is to investigate the impact of the COVID-19 pandemic on the Polish road freight transport industry. This paper seeks to understand the impacts on travel behavior and the transport system caused by the different actions and policies adopted by the governments and transport authorities to contain the COVID-19 spread. Design/Methodology/Approach: Econometric and statistical methods were used, including analysis of primary data, predictive model of exponential smoothing. Findings: Using primary data as part of the study, conclusions have been reached, stating that the imposition of the lock-down of the European economy had a negative impact on the shortterm business of transport enterprises. On the other hand, once the number of infections was reduced, followed by a reduction in restrictions, the number of road kilometers covered by the enterprises under survey increased. This increase was higher than in the corresponding periods of previous years. Practical Implications: The article analyses short-term effects on road freight transport of legal provisions aimed at limiting the virus's spread. Results can be helpful to draws some recommendations for transport systems derived and planning process by the enterprise. The researcher effect can also be helpful for national governments in terms of decision-making. Originality/Value: The literature review shows that most of the authors have focused on analyzing the situation of the road transport branch in China, while the impact of the coronavirus on road transport in Europe has not been studied to a more significant extent so far. The study of the case involves Polish transport enterprises making up the second-largest carrier in the Community when the size of its rolling stock and transport tasks is compared to that of other states. The consequences of the pandemic on road cargo transport by Polish carriers indicate the impact of COVID-19 on the economic situation of similar enterprises from other European Union states.

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“…There have also been various studies measuring the impact of the pandemic on specific areas of the economic sphere. These include studies of the impact of a coronavirus pandemic on the airline market (Wasowska et al, 2020), tourism (Abbas et al, 2021;Lee and Chen, 2020;Sigala, 2021), and economic security (Kozicki et al, 2020;Grima et al, 2020;Khan et al, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

Classification of the EU Countries According to the Vulnerability of their Economies to the Impact of COVID-19 Pandemic

Brzyska¹,

Szamrej-Baran²

2021

ERSJ

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Purpose: The paper's objective is to identify the similarities of EU countries in terms of the entire sets of indicators. Hence, the multi-dimensional cluster analysis is applied to evaluate the economic vulnerability to the impact of the COVID-19 pandemic. Design/Methodology/Approach: A hierarchical and non-hierarchical cluster analysis method was used in the paper. At the first step, EU countries were clustered with Ward's method, and the following k-means method was applied for grouping countries. Findings: In the study, four clusters were identified. Southern European countries grouped in the 1st Cluster performed the highest level of vulnerability to the negative impact of the COVID-19 pandemic. Germany, the Netherlands, Ireland, and the Scandinavian countries appeared to be the least vulnerable EU economies to the impact of the COVID-19 pandemic and were grouped in the 4th Cluster. The countries of Central and Eastern Europe, most of which joined the EU in the 21st century, were characterized by moderate vulnerability and belonged to the 2nd and 3rd Cluster. Practical Implications: The results obtained can be used by policymakers to make better decisions to mitigate the negative impact of the pandemic on economies. Originality/Value: Most clustering of countries according to the impact of a COVID-19 pandemic examines how the virus spreads from a medical point of view. There is little literature on the economic impact of a coronavirus pandemic. This study will fulfill this gap.

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The Impact of COVID-19 Pandemic on the Economic Security of Russia and European Countries

Cited by 7 publications

References 2 publications

The Economic Security of Small and Medium-Size Lithuanian Companies in the Context of the Covid-19 Pandemic

The Economic Security of Small and Medium-Size Lithuanian Companies in the Context of the Covid-19 Pandemic

The Impact of COVID-19 on Road Freight Transport Evidence from Poland

Classification of the EU Countries According to the Vulnerability of their Economies to the Impact of COVID-19 Pandemic

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