Economical and psychosocial effects of COVID-19: evidence from the GCC economies

Pandemics like COVID-19 are expected to make a dent on the pockets and the psychological state of individuals. Not just the residents of a country, the industry is also under stress and expects some support from the government to negotiate and manage the effects of such pandemics. The primary objective of the research is to understand the relationship between economic impact, stress and the government’s support during the COVID-19 crisis. Additionally, it was intended to study the expectation and impact of the economic relief and support as announced by the respective governments of the Gulf Cooperation Council (GCC) countries. The study was conducted during October–December (2020) and is based on survey data as collected from GCC residents. It uses the moderation-mediation techniques and other analytical tools to draw conclusions. One of the significant finding of the research is that the stress levels of individuals during the times of pandemics can be reduced by increasing the government’s support. Additionally, the economic impact of a pandemic on earnings is one of the significant reasons for an increase in stress levels of individuals. Copyright © 2022 Inderscience Enterprises Ltd.

Does external debt as a new determinants of fiscal policy influence sustainable economic growth: implications after COVID-19

External debt correlation and the sustainable economic development pathway within the South Asian sub-region is analysed in this research paper. The longitudinal root-analysis, the pooled ordinary least square, quantile estimation, and output estimation were utilized to evaluate the data obtained from the World Bank Development Indicators for the period of 2000-2018. We discovered that total external debt and external debt services affect 39% plus 31%, respectively, after the robust regression analysis was carried out. Besides that, the findings demonstrate direct expansionary impacts of fiscal policy crosswise in developing economies within the study timeframe. Remarkably, the advancements in state establishments encourage the "gathering impact" of fiscal policy implementation. The findings depict that the entire circumstances set a stiffer restraint on public expenditure, indicating a self-losing fiscal austerity situation which entails the impact of the company's liabilities. Inversely, the unrestrained countercyclical policy bars the knock-on impact of external problems, resulting in an improved economic system activity performance as well as decreasing the probability of economic predicaments after COVID-19.