The relationship of economic sentiment and GDP growth in Russia in light of the Covid-19 crisis

Kitrar, Liudmila; Lipkind, Tamara

doi:10.15678/eber.2021.090101

Cited by 16 publications

(8 citation statements)

References 31 publications

(31 reference statements)

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“…This would show the actual effectiveness of energy policy and orientate towards building competitive advantage of countries based on clean technologies. The Covid-19 pandemic impacted many aspects of social and economic life [76][77][78][79][80], included the energy policy. Until the Covid-19 pandemic outbreak, industrial emissions had the highest decrease, but aviation emissions had increased [57].…”

Section: Suggestions For Further Studiesmentioning

confidence: 99%

Europeanization Processes of the EU Energy Policy in Visegrad Countries in the Years 2005–2018

et al. 2021

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Energy issues are sensitive for the four Visegrad countries as European Union (EU) member states; thus, this area’s convergence might be problematic for these countries. There is a clear research gap concerning the processes of Europeanization of the energy policy in the Visegrad countries. This article aims to identify and evaluate the progress of four Visegrad countries (V4) in implementing the EU energy goals in the context of the Europeanization. The article uses three main methods: Hellwig’s method, Kendall’s rank concordance coefficient, and k-means clustering. These calculations will allow one to study the Europeanization processes, which means checking the gamma convergence. For calculations, we use the available statistical data from Eurostat for the years 2005–2018. Poland and other Central European countries, including Czechia, and Hungary, largely depend on coal for their energy needs. The empirical results have shown that there have been no significant changes in the classification of EU countries in terms of their fulfillment of the EU climate and energy targets in the analyzed period. This is the case in all EU member states, including the Visegrad Group countries, but except for Poland. This means that the level of Europeanization of the energy policy and its effectiveness is similar in all member states except for Poland, which is becoming a kind of the exception. Throughout the investigating period, the Czech Republic, Hungary, and Slovakia were close to meeting the set targets and could be rated high compared to the EU countries. Poland, especially since 2015, has been noticeably and increasingly distanced from the other V4 countries. It can be perceived as a gradual drift away from Europeanization of the EU climate and energy policy in Poland.

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Section: Suggestions For Further Studiesmentioning

confidence: 99%

Europeanization Processes of the EU Energy Policy in Visegrad Countries in the Years 2005–2018

et al. 2021

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“…Recently, the spectre of the Covid-19 pandemic has been looming over the global economy (Lipkind & Kitrar, 2021;Żak & Garncarz, 2020). This pandemic not only results in serious impacts on the communities in the influenced regions, but it also leads to various levels of negative and profound mental health issues to both infected and uninfected people (Feng et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Entrepreneurial behaviour: The effects of the fear and anxiety of Covid-19 and business opportunity recognition

Loan¹,

Doanh²,

Thắng³

et al. 2021

EBER

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The major objectives of the article were to explore the effects of the fear and anxiety of Covid-19 and business opportunity recognition on start-up self-efficacy, entrepreneurial intention, and behaviour, as well as to test entrepreneurial intention-behaviour association. Research Design & Methods:The study was performed by means of an online survey questionnaire conducted on 405 students at a Vietnamese university. The survey questionnaire was developed based on prior research. Structural equation modelling (SEM) was utilised to test the research model and hypotheses. Findings: The results illustrated that the fear and anxiety of Covid-19 have a negative impact on start-up self-efficacy and entrepreneurial intention, while business opportunity recognition is strongly and positively correlated with entrepreneurial self-efficacy, entrepreneurial intention, and behaviour. In addition, entrepreneurial intention is found to be the most important antecedent to predict actual start-up behaviour whereas entrepreneurial intention significantly mediates the association between entrepreneurial self-efficacy and entrepreneurial behaviour. Implications & Recommendations:The study offers practical contributions for both universities and policymakers to foster youths' entrepreneurial activities and manage the negative outcome of Covid-19 on students' mental health. Contribution & Value Added: This research contributes to the entrepreneurship literature by addressing the notable gap when testing the linkages between entrepreneurial intention and behaviour. Furthermore, the finding confirms that the fear and anxiety of Covid-19 can decrease entrepreneurial self-efficacy, intention, and behaviour, while business opportunity recognition fosters entrepreneurial activities. Article type:research article

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“…The case study also showed that confidence indicators can be useful for predicting the rate of economic growth of real GDP in the short run in most of the observed countries. In 2021, predictive value was demonstrated for GDP dynamics based on consumer and business perceptions, and a correlation was found based on economic shocks caused by the COVID-19 pandemic (Kitrar, 2021). The same study also points out that consumer and business assessments are reliable and available long before quantitative GDP growth statistics and can be used as an early warning system of economic growth dynamics and taken into account in policy making.…”

Section: Literature Reviewmentioning

confidence: 90%

Consumer Confidence and Real Economic Growth in the Eurozone

Borisov¹

2022

BJES

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Over the past 15 years, the world economic system has experienced two global crises: the financial and economic crisis of 2008 and the pandemic crisis of 2020. The financial crisis of 2008 had a significant impact on the development of the world economy, including the eurozone. Although some sectors of the economy are not recovering and have not reached pre-crisis levels of efficiency, overall economies are characterized by predictable and positive economic trends. The pandemic crisis poses new challenges to the economy in terms of business closures, disrupted supply chains, and high and accelerating inflation. All this brought to the fore the need to analyze the correlations between various indicators and the dynamics of economic growth, so that when unforeseen crises occur, decisions can be made quickly. The aim of the study is to analyze the degree of correlation between the indicator of consumer confidence and real GDP growth by quarter in the euro area. The tested hypothesis is that for the last three years there has been a strong correlation between quarterly data on real economic growth and consumers' direct assessments, as expressed by the consumer confidence indicator. The regression analysis and hypothesis testing are performed using seasonally adjusted monthly data on consumer confidence indicator and seasonally adjusted annual data by quarters on real annual GDP growth in Q2 2019 – Q1 2022. The in-depth regression analysis shows that there is a statistically significant linear relationship between the indicator of consumer confidence and real annual GDP growth by quarters for the period under study. The results of the Granger causality test confirm the conclusions drawn from the dynamic, correlation, and regression analyses. The results of the test prove not only the presence of causality, but also the ability of the consumer confidence indicator to predict real annual growth by quarter during periods of crisis. All this allows to conclude that in periods of import crises, the indicator of consumer confidence can also be used as an early signal of the presence of systemic problems and to determine the dynamics of GDP, as well as to implement specific economic measures and policies.

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The relationship of economic sentiment and GDP growth in Russia in light of the Covid-19 crisis

Cited by 16 publications

References 31 publications

Europeanization Processes of the EU Energy Policy in Visegrad Countries in the Years 2005–2018

Europeanization Processes of the EU Energy Policy in Visegrad Countries in the Years 2005–2018

Entrepreneurial behaviour: The effects of the fear and anxiety of Covid-19 and business opportunity recognition

Consumer Confidence and Real Economic Growth in the Eurozone

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