Economic impact of COVID-19 across national boundaries: The role of government responses

Abstract

This Research Note provides an assessment of the burgeoning interdisciplinary literature surrounding the COVID-19 pandemic and its impact on both individuals and firms, with a particular focus on the heterogeneity in government responses and their implications for international finance and IB research. In particular, we discuss disparities in vaccine distribution, government policy responses, and impacts in low-income versus high-income countries, as well as lessons learned from the pandemic. We describe an important source of data in this area and provide ideas for future research.

Indulge or Reduce? A Cross-Country Investigation of Consumption Patterns Following Pandemic Lockdowns

“…At the time of writing, international marketing has looked at different aspects of the pandemic (for reviews, see Zwanka and Buff (2021) and Cruz-Cárdenas et al (2021)). These include, for example, research on drivers of different responses to the crisis (Sharma 2021), the role of community resilience in the context of policy interventions (Krasnikov et al, 2022), the economic impact of countries' government responses (Guedhami et al, 2023), and effectiveness of non-pharmaceutical interventions at a country level (Kumar et al, 2021); as well as investigations of pandemic' immediate effect on consumer behavior such as stockpiling, hoarding, pent-up demand, or increased online shopping (e.g., Sheth 2020;Amadi et al, 2022;Kim et al, 2022) at an individual level. Aside from acute measures during the pandemic, disruptive events also have the likelihood to induce new habits.…”