Market Openness and Its Relationship to Connecting Markets Due to COVID-19

Chahuán-Jiménez, Karime; Rubilar-Torrealba, Rolando; Fuente‐Mella, Hanns de la

doi:10.3390/su131910964

Cited by 3 publications

(2 citation statements)

References 43 publications

(69 reference statements)

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“…The epidemic has led to a dramatic drop in the volume of world trade. Restrictive effects of government measures, e.g., mandatory closures at home and abroad, physical distancing, and other forms have adversely affected production prospects in most countries [38,39]. These multiple demand and supply shocks have had a profound effect on the already fragile labor markets [40,41].…”

Section: Effects Of Covid-19 On Labor Marketmentioning

confidence: 99%

Analysis of the Impact of the COVID-19 Crisis on the Hungarian Employees

2022

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The economic crisis in the wake of the coronavirus epidemic is affecting the lives, jobs and incomes of a lot of people. Certain sectors of the economy have come to a standstill or stalled for a time, causing many to lose their jobs and be forced to pursue other career options than originally planned. The COVID-19 pandemic caused a deep economic crisis that caused workers to feel insecure, which also had a negative impact on the lives and characteristics of individuals at work. In the course of our research, we conducted a survey of employees in small and medium-sized enterprises in Hungary in order to find out how the coronavirus crisis affected them. In Hungary, the sectors most affected by the epidemic (e.g., hospitality, tourism, automotive) had an intense impact, as the consequences of restrictions on mobility and social distance emerged in the very early stages of the crisis. The survey was conducted in July 2021 after the end of the second wave of the epidemic, with a total of 613 participants. Our results confirmed that the coronavirus crisis had a significant impact on the respondents’ feelings of job insecurity and financial situation. There is a significant connection between the downsizing of Hungarian small and medium-sized enterprises and the feeling of job insecurity among employees. There was also a significant link between the organizational measures taken against the crisis and the financial situation of the employees. Thus, based on the results obtained, it can be concluded that the coronavirus crisis has had a negative impact on the lives of individuals through the workplaces.

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Section: Effects Of Covid-19 On Labor Marketmentioning

confidence: 99%

Analysis of the Impact of the COVID-19 Crisis on the Hungarian Employees

2022

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“…Furthermore, research conducted by [23][24][25] has yielded the following insights: (i) A cyclical relationship between CO 2 emissions and per capita GDP [26] is unveiled. This suggests that during the ascending phase of economic cycles, both economic growth [27] and CO 2 emissions increase. However, the latter can be forecast by utilizing GDP as a predictive indicator on a 1-to 2-year scale.…”

Section: Introductionmentioning

confidence: 99%

Cluster Analysis and Macroeconomic Indicators and Their Effects on the Evolution of the Use of Clean Energies

Chahuán-Jiménez,

Rubilar-Torrealba,

de la Fuente-Mella

et al. 2023

Energies

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The aim of this research is to relate clean energies, CO2 emissions, and economic variables. Relationships can be generated that characterize countries that manage to relate the use of clean energy with GDP, economic openness, and economic growth. We employ a quantitative methodology that utilizes clustering techniques to identify distinct groups of countries based on their susceptibility to climate change impacts. Subsequently, we employ a generalized linear model approach to estimate the investment behaviors of these country groups in alternative energy sources in relation to CO2 emissions and macroeconomic variables. The clusters reveal that the countries grouped in each cluster exhibit significantly distinct behaviors among the clusters. This differentiation is grounded in the countries under analysis, showing the evolution of the countries in terms of the use of clean energy and the emission of CO2 in relation to macroeconomic variables. According to the conducted research, there are different groups with differentiated behavior in terms of energy consumption and CO2 emissions, which implies the implementation of policies consistent with the development characteristics of the countries and how they cope with climate risk. Moreover, as a result of this research, a recommendation for policy makers could be that sustainable and clean development countries are based in three different sustainability dimensions: environmental, economic, and social.

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Contagion Effect of Financial Markets in Crisis: An Analysis Based on the DCC–MGARCH Model

Wang

Xiao

et al. 2022

Mathematics

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Global crises have created unprecedented challenges for communities and economies across the world, triggering turmoil in global finance and economy. This study adopts the dynamic conditional correlation multiple generalized autoregressive conditional heteroskedasticity (DCC–MGARCH) model to explore contagion effects across financial markets in crisis. The main findings are as follows: (1) the financial crisis and COVID-19 pandemic intensified the connection between the Chinese and US stock markets in the short term; (2) the dynamic conditional correlations (DCCs) during the COVID-19 pandemic are higher than those during the 2008 financial crisis owing to the further opening of the Chinese capital market, and financial institutions’ investments in the European market are higher than those in the American markets; (3) a stepwise increase is observed in the dynamic conditional correlation between the returns on the S&P 500 Index and SSEC during and after the onset of a destructive crisis; and (4) a unidirectional contagion effect exists between the Chinese market and US market, and the Hong Kong stock market contributes to the risk spillover. Effective transmission channels of external negative shocks may be investors’ sentiments, financial institutions, and the RMB exchange rate in the stock markets. This study provides useful suggestions to authorities formulating financial regulations and investors diversifying risk investments.

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Market Openness and Its Relationship to Connecting Markets Due to COVID-19

Cited by 3 publications

References 43 publications

Analysis of the Impact of the COVID-19 Crisis on the Hungarian Employees

Analysis of the Impact of the COVID-19 Crisis on the Hungarian Employees

Cluster Analysis and Macroeconomic Indicators and Their Effects on the Evolution of the Use of Clean Energies

Contagion Effect of Financial Markets in Crisis: An Analysis Based on the DCC–MGARCH Model

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