ABSTRACT
Epidemics and their resulting pandemics have become essential factors influencing economic development, financial stability, poverty, and ultimately a country's innovation level, including green technology innovation. This research thus investigates epidemic events' correlation to green innovation by operating with skewed panel data involving 134 countries from 1971 to 2018 and provides compelling proof that Epidemics have a detrimental effect on green innovation, not only for the current year but also for the next six years. We also show that the quality of institutions and financial development levels weaken epidemics' detrimental effects on green innovation. Overall, the findings would draw particular attention from policymakers.
ABSTRACT
Countries around the world are facing enormous challenges in their economic and social development as COVID-19 continues to spread, resulting in slower economic recovery in the post-pandemic era. Considering the impact of economic growth on future sustainable development in this new era, green economic recovery (GER) can achieve a win-win situation between economic recovery and environmental improvement and bring forth environmentally sustainable economic growth. This research first lists related COVID-19 literature surveys and GER policies in the post-pandemic era in China. Based on a comparative study of the international experience of GER policy practices, this paper then analyzes the opportunities and challenges China faces for GER and puts forward countermeasures and suggestions on how to promote its sustainable development in the post-epidemic era. We believe our research presents useful enlightenments for sustainable economic and social development in the post-epidemic era. © 2022 ERP Environment and John Wiley & Sons Ltd.
ABSTRACT
We investigate the effect of the governments' responses to fighting the COVID-19 pandemic on the returns in the stock market index. Panel data of 20 countries are used spanning January 2 to July 21, 2020, for the dynamic panel model. The results indicate that the overall government response, containment and health, and stringency indices have a significantly positive effect on stock market returns. Specifically, government policy responses of shutting down workplaces, canceling public events, restricting public gatherings and international travel, providing income support, and implementing fiscal measures can increase stock market returns. Our evidence shows that the stock market does not react significantly to government interventions in the health system. We believe that our findings provide valuable information for policymakers and financial investors around the world.
ABSTRACT
Worldwide attention has been drawn to the recent COVID-19 outbreak. Many studies have shown that under the pandemic, elderlies, especially those with chronic diseases, are more vulnerable than youths. Upon infection, older people tend to endure a higher hospitalization and mortality rate, and the mortality rate after acute hospitalization appears even higher for frail elderlies than non-frail ones. Moreover, older COVID-19 patients can exhibit different, atypical clinical manifestations such as falls, delirium, general weakness, functional decline, and other geriatric syndromes indicating frailty. Therefore, this review suggests that the most effective way to improve the prognosis of COVID-19 infection in the elderly is to avoid the occurrence of frailty.