Economic Uncertainty During COVID-19 Pandemic in Latin America and Asia

Abdelkafi, Inès; Loukil, Sahar; Romdhane, YossraBen

doi:10.1007/s13132-021-00889-5

Cited by 16 publications

(12 citation statements)

References 61 publications

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“…In Tunisia, COVID-19 has a negative impact on employment and the industrial sector, while the agriculture sector benefits most from the pandemic (Labidi, 2022 ). The effect of COVID-19 has a negative correlation between exchange rate and inflation in Latin America and Asia; the higher infections increase inflation and result in a lower exchange rate (Abdelkafi et al, 2022 ). The role of the COVID-19 pandemic assessed the implications on household income and food security in Kenya and Uganda (Kansiime et al, 2021 ).…”

Section: Literature Reviewmentioning

confidence: 99%

The Effect of COVID-19 on the Kurdistan Region Government (KRG) Economy

2023

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The COVID-19 pandemic has affected employment globally, especially in the private sector. This study aims to identify the effects of the pandemic on the employment statuses such as lower wages and lack of jobs in the Kurdistan Region Government ( KRG). The research questions guiding the study are the following: How has the COVID-19 crisis affected livelihoods in the KRG? How have these changes affected the association among income loss, working status, business closure, and gender? We have conducted a survey in May 2021 to examine changes in the work situation; the empirical cases cover a sample of 72 people aged between 20 and 60 years old in the Kurdistan Region in Iraq. In addition, we perform a chi-square test to check whether the relationships between losing salary and working status, and business shutdown and gender are significant or not. The findings revealed 37.5% of salary cut and about 50% of employees’ businesses shut down and 51% of working hours get shorter due to the COVID-19 crisis in the KRG. Our result shows no association between losing salary and working status, while there is an association between gender and business shutdown. Beyond this, the study seeks to highlight new and essential information about position reduction related to age class, difficulty to find a job related to the level of education, and working hours related to gender. Supplementary Information The online version contains supplementary material available at 10.1007/s13132-023-01130-1.

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Section: Literature Reviewmentioning

confidence: 99%

The Effect of COVID-19 on the Kurdistan Region Government (KRG) Economy

2023

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“…Social and business studies with Covid-19 issues tied to panel regression analysis are still ongoing (e.g. Khalid et al, 2021;Tinungki et al, 2022;Barría-Sandoval et al, 2022;Çivak et al, 2021;Abdelkafi et al, 2022;Pan, 2022;Haldar and Sethi, 2021;Junaidi et al, 2020;Ong and Marheni, 2021). There are two formulations in the panel regression, including models that only consider individual effects (αi) and include the effects of time or time variables as follows:…”

Section: Data Processingmentioning

confidence: 99%

Using correlation analysis to examine the impact of Covid-19 pandemics on various socioeconomic aspects: Case study of Indonesia

Fitriadi¹,

Jiuhardi²,

Busari³

et al. 2022

Geographica Pannonica

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This paper diagnoses the determination of Covid-19 on economic and social aspects in Indonesia. Panel data collected from 34 provinces in Indonesia for the 2020-2023 period supports the quantitative method. Three analyzes (Spearman, Kendall, and Pearson) were used to measuring the relationship and its partial effect. Research findings indicate that Covid-19 cases have a negative impact on labor productivity , migration, domestic violence, and sexual harassment. From other results, per capita spending , well-being, unemployment, and poverty actually increased when there was a surge in Covid-19. For the Spearman rho correlation, with a degree of 1 percent (p < 0.01), there is a significant effect between capita spending on well-being, per capita spending and well-being on migration, and poverty on labor productivity. Tested by Kendall's tau and Pearson, the Covid-19 tragedy positively affected per capita spending, well-being, unemployment, poverty, and mortality, but labor productivity, migration, domestic violence, and sexual harassment were negatively affected by Covid-19. The partial probability level (p < 0.05 and p < 0.01) reveals a significant effect of per capita spending on well-being, migration on per capita spending and well-being, and poverty on labor productivity. Although per capita spending has a significant impact on well-being (5 percent confidence level), there is a slight difference from the Pearson test, where with a tolerance limit of 1 percent, poverty affects sexual harassment significantly. Covid-19 has taught many things, so that humanity does not disappear with conditions that seek peace. Policy makers need to schedule a more inclusive national and regional resilience system.

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“…More than that, we find that ICT plays a driving role in economic growth with a two-way link between the Internet user and GDP. Abdelkafi et al. (2022) analyzed the impact of COVID-19 pandemic on INF and exchange rate volatility.…”

Section: Literature Reviewmentioning

confidence: 99%

“…More than that, we find that ICT plays a driving role in economic growth with a two-way link between the Internet user and GDP. Abdelkafi et al (2022) analyzed the impact of COVID-19 pandemic on INF and exchange rate volatility. They used the dynamic panel data model to study the effect of COVID-19 spread and the governments' measures implemented in order to support economies.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Several empirical studies have been developed to assess the impact of corona virus disease on financial systems (Alfaro, Chari, Greenland, & Schott, 2020; He, Liu, Wang, & Yu, 2020; Zhang, Hu, & Ji, 2020; Ali, Alam, & Rizvi, 2020; Ashraf, 2020; Ftiti, Ben Ameur, & Louhichi, 2021; among others). Other studies analyzed the economic impact at the beginning of COVID-19 (Abdelkafi, Loukil, & Ben Romdhane, 2022; Baldwin & Tomiura, 2020; Gans, 2020; Susskind & Vines, 2020; among others).…”

Section: Introductionmentioning

confidence: 99%

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Economic issue and technological resilience of pre- and post-COVID-19

Abdelkafi¹,

Romdhane²,

Mefteh³

2022

AGJSR

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PurposeThe purpose of this paper is to investigate the impact of COVID-19 pandemic on the changing relationship between technology and economic activity in MENA countries.Design/methodology/approachThe generalized method of moments (GMM) was applied to explore the presence of dynamic causality between technology, inflation, unemployment, foreign direct investment, trade opening, gross fixed capital formation and economic growth for 14 MENA countries before and after COVID-19.FindingsEmpirical evidence shows that the economic predictor variables change signs and impact negatively the economic growth as a result of the adverse consequences of the MENA health crisis. More interestingly, there is a unique, positive, meaningful relationship between ICT and economic growth.Originality/valueThe results show that economic resilience in MENA is significantly affected by digital infrastructure during the epidemic crisis. The authors conclude that macroeconomic adjustment and innovation improve the predictive performance of the health news model. Countries could take strong measures to support new strategies to strengthen their innovation competitiveness.

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Economic Uncertainty During COVID-19 Pandemic in Latin America and Asia

Cited by 16 publications

References 61 publications

The Effect of COVID-19 on the Kurdistan Region Government (KRG) Economy

The Effect of COVID-19 on the Kurdistan Region Government (KRG) Economy

Using correlation analysis to examine the impact of Covid-19 pandemics on various socioeconomic aspects: Case study of Indonesia

Economic issue and technological resilience of pre- and post-COVID-19

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