Impact of COVID-19 on environmental regulation and economic growth in China: A Way forward for green economic recovery.
Econ Anal Policy
; 77: 1001-1015, 2023 Mar.
Article
in English
| MEDLINE | ID: covidwho-2210159
ABSTRACT
The COVID-19 pandemic has caused turmoil in every aspect of life and may be prevalent for years. Therefore, this study aimed to determine whether the pandemic reflects oil prices in China. We utilized a model to simulate and examine the energy, economic, and environmental effects of COVID-19, which affects a wide range of industries and households. The impact of the pandemic is considered in terms of customer expectations and factor input changes. Based on these changes, we find that factor input changes are the primary cause of the economic recession. We further find a parallel relationship between CO2 emissions and economic downturn. In addition, a reduction in transportation has significantly influenced the Gross Domestic product (GDP), which plunged during the pandemic period by 0.49%. Transportation negatively influences industrial production, railway sector, and air transportation by 10.17%, 1.76%, and 1.53%, respectively. Based on these findings, this study proposes important policy implications.
Full text:
Available
Collection:
International databases
Database:
MEDLINE
Type of study:
Experimental Studies
Language:
English
Journal:
Econ Anal Policy
Year:
2023
Document Type:
Article
Affiliation country:
J.eap.2022.12.015
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