ABSTRACT
This paper investigates the effects of the coronavirus disease 2019 (COVID-19) cases in the US on the S&P 500 Index using daily data covering the period between 21st January, 2020 and 10th August, 2021. The investigation is achieved by using a structural vector autoregression model, where a measure of the global economic activity and the spread between 10-year treasury constant maturity and the federal funds rate are also included. The empirical results suggest that having (Formula presented.) of an increase in cumulative daily COVID-19 cases in the US results in about (Formula presented.) of a cumulative reduction in the S&P 500 Index after 1 day and about (Formula presented.) of a reduction after 1 week. Historical decomposition of the S&P 500 Index further suggests that the negative effects of COVID-19 cases in the US on the S&P 500 Index have been mostly observed during March 2020. © 2021 Informa UK Limited, trading as Taylor & Francis Group.
ABSTRACT
The COVID-19 pandemic is expeditiously stirring the global economy. The impact of this pandemic has implications on the sustenance of industries worldwide. This study investigates the influence of various endogenous and exogenous factors affecting e-wallet adoption among micro entrepreneurs in India. A sample of 287 micro enterprises were identified in NCR (National Capital Region) region on the basis of random sampling. Structured questionnaires were administered to the respondents. Structural equation modelling was used to analyse the data with the help of Smart PLS 3. The main findings of the study show that self-belief, personal innovativeness, and satisfaction are the key indicators affecting the e-wallet adoption among the microentrepreneurs. Microentrepreneurs contribute greatly to economic development in developed and developing nations. Digitalisation of this segment of industry can turn India into a cashless country, thereby reducing the cash burden of the economy. Microentrepreneurs can also act as a catalyst for financial inclusion.
ABSTRACT
The rapid global spread of Coronavirus Disease 2019 has changed the world. While a massive effort is under way to develop a vaccine, economists have debated whether the shock to the global economy will be ‘temporary' or ‘permanent'. Given the research interest on the biggest challenge in the modern history, we made an attempt to predict potential economic consequences of a pandemic in a short and long-term perspective on the basis of the scientific works, experts' opinions and currently available data. An experience of influenza pandemic became a theoretical framework for research. The novelty and timeliness of our research relies on being able to study the impact of pandemic for global economy, government policy and business just at the beginning of its spreading. The research informs citizens and policymakers about the risks, possible ways to prevent economic crisis and how to deal with the potential consequences with a particular focus on COVID-19 response of international community © 2022, European Journal of Comparative Economics. All Rights Reserved.
ABSTRACT
The year 2022 got off to a relatively optimistic start for Indonesia's economic managers. Notwithstanding the serious health and social outcomes inflicted by the Covid pandemic, the government had successfully minimised the economic fallout. It could reasonably contemplate a period of sustained economic recovery and rising prosperity in preparation for the 2024 national elections. However, the outlook began to deteriorate in the face of heightened global economic volatility and uncertainty: the economic and geostrategic ramifications of the Ukraine War, a sudden slowdown in the global economy, rising interest rates, historically high and volatile prices for some key commodities, international trade and transport disruptions, uncertainty about China's current economic trajectory and persistent if (so far) manageable Covid challenges. Nevertheless, the Indonesian economy is continuing its steady post-Covid progress: the return to 5% growth in late 2021 continued through to second quarter 2022, inflation remains moderate and living standards are slowly recovering. However, there are potentially major macroeconomic challenges on the horizon. In fiscal policy, there are many demands on the budget, yet there is limited fiscal space, and much of the increased budget revenue this year is again being allocated to subsidies. In monetary policy, there is concern that, as in many countries, the monetary authorities could be ‘behind the curve' of rising inflationary pressures. In his 16 August 2022 speech, President Joko Widodo (Jokowi) emphasised the importance of the industrial sector and of ‘downstreaming' as a means of accelerating industrial growth. Against this backdrop, and the sector's sluggish growth for much of this century, the paper also surveys recent patterns of industrialisation and prospects for the future. © 2022 ANU Indonesia Project.
ABSTRACT
The marine transportation industry, which has made significant steps in recent years to combat climate change and global warming, is heavily influenced by regional and worldwide economic trends. The COVID-19 pandemic, which began in China at the end of 2019 and spread to the rest of the world in the first quarter of 2020, caused the global economy and marine transport to decline by 4.1% in 2020. It is proposed in this study to investigate various scenarios by modelling this circumstance that has unexpectedly occurred using decision assistance technologies.
ABSTRACT
Purpose>This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.Design/methodology/approach>This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.Findings>Knowledge management can be improved for organizations in the post-pandemic global economy when digitization processes and practices are adopted.Originality/value>The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.