Impact of COVID-19 Pandemic on Labour Supply, Wages and Gross Value Added in India

Estupinan, Xavier; Gupta, Sanjib Kumar; Sharma, Mohit; Birla, Bharti

doi:10.1177/0019466221999143

Cited by 7 publications

(5 citation statements)

References 20 publications

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“…The main theory in modeling the concept of supply and demand [12]. The supply curve shows a positive relationship between the number of commodities to be sold and the level of commodity prices, while the demand curve is expressed in the form of a curve that shows a negative relationship between the quantity demanded and the price that consumers will buy [13][14][15].…”

Section: A the Concept Of Supply And Demand Theorymentioning

confidence: 99%

The Dynamic Impact of Rice Production and Harvested Area on Agricultural Product Prices During COVID-19

Qodri¹,

Ismail²,

Ekawaty³

et al. 2023

Proceedings of the International Conference of Economics, Business, and Entrepreneur (ICEBE 2022)

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The Covid-19 pandemic has caused several economic conditions to experience obstacles, especially related to the distribution of rice to the community. Indirectly this can have an impact on the availability of the selling price of rice to the community. The purpose of this article is to analyze the events that occurred by providing the price of rice during the Covid-19 pandemic in East Java Province. The method used is parametric quantitative. The analysis used is Vector Auto Regression using secondary data from the Central Statistics Agency of East Java Province and the Department of Agriculture and Food Security of East Java Province. The findings in this study are that there is a pattern in the same direction between rice production and the selling price of rice during the pandemic. It is developed that production so far is also due to the supply chain sector that must be supported so that distribution patterns are not hampered. The social restrictions issued by the central government are quite a challenge in the distribution of rice commodities which have become the needs of the general public so far. In addition, the harvested area has an inversely proportional impact on the current rice price. It was recorded that during the 2020-2021 period, there was a decrease which had an impact on the increase in the selling price of rice. Government policies need to provide limitations on the availability of harvested area to ensure the continuity of the production process is maintained to provide benefits both from the producer and consumer side.

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Section: A the Concept Of Supply And Demand Theorymentioning

confidence: 99%

The Dynamic Impact of Rice Production and Harvested Area on Agricultural Product Prices During COVID-19

Qodri¹,

Ismail²,

Ekawaty³

et al. 2023

Proceedings of the International Conference of Economics, Business, and Entrepreneur (ICEBE 2022)

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“…Macroeconomic uncertainty associated with the COVID-19 shock was analysed by Das (2020). Estupinan et al (2020), attempted to estimate first-order supply shocks through labour supply reductions associated with the economic pause due to the pandemic. Some studies made a preliminary assessment of the sectoral impact of the COVID-19 shock using descriptive analysis (Rakshit & Basistha, 2020;Singh & Neog, 2020).…”

Section: Studies On Shocks Generated By the Covid-19 Pandemicmentioning

confidence: 99%

Measuring Demand and Supply Shocks From COVID-19: An Industry-Level Analysis for India

Patnaik¹

2022

Margin: The Journal of Applied Economic Research

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The present article attempts to decompose the COVID-19-induced shock to output and inflation of the Indian economy at the aggregate and disaggregate levels into demand and supply shocks for the period March 2020 to June 2020, using a structural Bayesian VAR model following Baumeister and Hamilton (2015, 2019). The results of the empirical analysis reveal that while the negative supply shocks dominate at the aggregate and disaggregate levels, their magnitude varies across industries. Demand shocks to output were positive in some industries like the manufacture of food products (10), textiles (13), chemicals and chemical products (20), and electrical equipment (27), but were outweighed by the negative supply shocks. In response to the COVID-19 shock the government announced the three pronged Atmanirbhar Bharat Abhiyan (ABA), which is a blend of demand management, supply management and structural policies. It not only promises to address the short-term distress caused to the industries due to the COVID-19 shock but also attempts to make them self-reliant and resilient to such shocks in future. JEL Classification: E10, C32, C40, E30

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“…However, workers in nonessential sectors prioritized to work from home (WFH). An in-depth analysis of shocks in the supply of labor under lockdown based on industry level and employment status causes them to lose their monthly wages, especially from permanent workers, casual workers (laborers), and workers with fixed salaries (Estupinan et al, 2020). The shocks in the supply of labor are increasing, because industrial factories lay many of them off because the demand for goods has decreased in line with the low purchasing power of the people.…”

Section: H1(c): Covid-19 Has a Positive Effect On Crimementioning

confidence: 99%

Covid-19 Maneuver on Socio-economic: Exploitation Using Correlation

Roy

Hasid

Lestari

et al. 2021

JPEB

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Apart from the health aspect, Covid-19 has also had socio-economic effects from the fragile balance of development that has designed so far. Instantly, humans experience suffering that is difficult to predict when it will stop. The primary aim of this study is to evaluate the fragility of the socio-economic order because of Covid-19. These two motifs are the basic essence of human beings, especially the population in Indonesia. A two-way correlation applied to the IBM SPSS to predict the effect of Covid-19 on poverty, natality, minimum wages, divorce, GRDP per capita, unemployment, and crime over two periods. The database is as cross-section covering ten areas in East Kalimantan Province. We found the importance of the correlation parameter in this study that it turns out that Covid-19 closely related to the minimum wage, unemployment, and crime. Because Covid-19 has a positive effect on these three variables and the probability has met the criteria, this is also the right instrument for the government in determining special strategies. The implications of the research are to contribute to long-term management in disaster mitigation planning.

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Impact of COVID-19 Pandemic on Labour Supply, Wages and Gross Value Added in India

Cited by 7 publications

References 20 publications

The Dynamic Impact of Rice Production and Harvested Area on Agricultural Product Prices During COVID-19

The Dynamic Impact of Rice Production and Harvested Area on Agricultural Product Prices During COVID-19

Measuring Demand and Supply Shocks From COVID-19: An Industry-Level Analysis for India

Covid-19 Maneuver on Socio-economic: Exploitation Using Correlation

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