RETRACTED ARTICLE: Assessing the nexus
            between fiscal policy, COVID-19, and economic growth

Wang, Tao; Gao, Ke; Chen, Wen; Xiao, Yuanzhi; Bingzheng, Yan

doi:10.1007/s11356-022-20358-z

Cited by 6 publications

(5 citation statements)

References 119 publications

(94 reference statements)

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“…The government's strong guarantee policies stimulate economic recovery (53). Appropriate policy responses are necessary (54)(55)(56)(57)(58).…”

Section: Economic Effects Of China's Countermeasuresmentioning

confidence: 99%

The impact of COVID-19 pandemic on the world’s major economies: based on a multi-country and multi-sector CGE model

Sun,

Yan,

Cao

et al. 2024

Front. Public Health

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ObjectiveTo quantitatively assess the impact of COVID-19 pandemic on public health, as well as its economic and social consequences in major economies, which is an international public health concern. The objective is to provide a scientific basis for policy interventions.Subject and methodsThis study utilizes a multi-country, multi-sector CGE-COVID-19 model to analyze the repercussions of the pandemic in 2022. The re-search focuses on quantifying the effects of COVID-19 on the macroeconomy and various industry sectors within six economies: the United States, China, the EU, the United Kingdom, Japan, and South Korea.ResultsThe COVID-19 pandemic shock had the most significant impact on China and the EU, followed by notable effects observed in the United States and the United Kingdom. In contrast, South Korea and Japan experienced relatively minimal effects. The reduction in output caused by the pandemic has affected major economies in multiple sectors, including real industries such as forestry and fisheries, and the services such as hotels and restaurants.ConclusionThe overall negative macroeconomic impact of the epidemic on major economies has been significant. Strategic interventions encompassing initiatives like augmenting capital supply, diminishing corporate taxes and fees, offering individual subsidies, and nurturing international cooperation held the potential to mitigate the detrimental economic consequences and enhance the global-economic amid the pan-demic. Consequently, this study contributes to the advancement of global anti-epidemic policies targeting economic recovery. Moreover, using the CGE-COVID-19 model has enriched the exploration of general equilibrium models in PHEIC events.

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“…The government's strong guarantee policies stimulate economic recovery (53). Appropriate policy responses are necessary (54)(55)(56)(57)(58).…”

Section: Economic Effects Of China's Countermeasuresmentioning

confidence: 99%

The impact of COVID-19 pandemic on the world’s major economies: based on a multi-country and multi-sector CGE model

Sun,

Yan,

Cao

et al. 2024

Front. Public Health

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show abstract

“…Динамика НДС за последние пятнадцать лет представлена на рис. 6 Динамика поступлений по линии НДС, акциза и налога с оборота характеризуется существенным ростом. Это обусловлено как определенным ростом ставок, так и ростом поступлений по линии этих налогов.…”

Section: косвенные налогиunclassified

“…Вопрос о том, могут ли изменения в фискальной политике повлиять на экономический рост, широко освещен в научной литературе [1][2][3][4][5][6]. Фискальная политика играет существенную роль в обеспечении экономического роста в стране [7,8].…”

Section: Introductionunclassified

Assessment of the Impact of Fiscal Policy on Economic Growth in the Republic of Armenia

Voskanyan,

Galstyan

2023

jour

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Fiscal policy plays a crucial role in ensuring economic growth and development in the country and overcoming economic recessions. The subject of the research is the tax system in the Republic of Armenia. The study aims to identify and assess the impact of the fiscal policy on economic growth in the Republic of Armenia. Since the global financial crisis of 2008, the Armenian economy has been in stagnation, reaching pre-crisis GDP levels only in 2018. Both theory and practice point to the ambiguous nature of the impact of fiscal policy on economic growth. At the same time, the 2020 crisis caused by the pandemic exacerbated the situation by focusing the attention of economists on fiscal policy to stimulate the real sector of the economy, which justifies the relevance of the current study. The paper’s novelty lies in assessing the impact of certain types of taxes on the economic growth rates in Armenia. To achieve the goal of the study, the authors use such methods as a comparative analysis of foreign studies and systemic and statistical analysis. To econometrically assess the impact of taxes on economic growth in the country, a vector autoregression (VAR) model was applied. As a result of the study, the authors found that both tax regulation in general and the individual taxes are restrictive in nature and have a negative impact on economic growth in the country. The authors conclude that such a restrictive policy has led to a slowdown in economic growth in the Republic of Armenia over the past decades

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“…Bağdigen and Çetintaş, (2003)by examining the validity of Wagner's Law for the Turkish case found no co-integration between GDP and public expenditure, meaning that there is no long-run relationship between public expenditure and GDP in the Turkish case. Wang et al, (2022) finds that Government expenditure negatively affects Economic growth by analyzing the Panel data in South Africa's context. Likewise, Nyasha and Odhiambo, (2019) concludes that the impact of government expenditure on economic growth was not definite.…”

Section: Review Of Literaturementioning

confidence: 99%

Government Expenditure and Economic Growth: A Cross-Country Analysis

Nhemhafuki

2023

J. Econ. Students

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This paper empirically analyses the relationship between Economic Growth measured in terms of GDP Growth and Government Expenditure, GDP and Population. It employs annual cross-section time series data of the concerned variable of 117 countries from 2001 to 2021. Random Effect model was used for the analysis. The pool-ability of data is tested by the Breusch and Pagan LM test which confirmed that Pooled OLS is not appropriate for the model. The Hausman Specification Test was then conducted for choosing between the Fixed Effect or Random Effect model. The Hausman Specification Test for the Model suggests the Random effect model is appropriate for the analysis of the data. Thus, Random effect regression is used to find the consequences of explanatory and the control variables on the dependent variable. Government Expenditure as an explanatory variable has a positive relationship with the Economic Growth, even in the case of controlling for Population and the Trade Openness. Both the control variable is depicted to have positive relationship with the Economic Growth.

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RETRACTED ARTICLE: Assessing the nexus between fiscal policy, COVID-19, and economic growth

Cited by 6 publications

References 119 publications

The impact of COVID-19 pandemic on the world’s major economies: based on a multi-country and multi-sector CGE model

The impact of COVID-19 pandemic on the world’s major economies: based on a multi-country and multi-sector CGE model

Assessment of the Impact of Fiscal Policy on Economic Growth in the Republic of Armenia

Government Expenditure and Economic Growth: A Cross-Country Analysis

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