Tracking the Characteristics of Economic Growth Vulnerability to COVID-19: A Preliminary Analysis

Carrasco, Carlos A.; Tovar-García, Edgar Demetrio

doi:10.33776/rem.v0i56.4832

Cited by 2 publications

(2 citation statements)

References 30 publications

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“…The second quadrant contains two heterogeneous clusters: "debt" and "trade". The first, with almost 20 works, includes those that analyze the high level of indebtedness that countries generally present and, given that situation, the need to increase public spending when dealing with the COVID-19 crisis (Albert & Tercero-Lucas, 2020;Ruiz, 2020;Cruz et al, 2020;Carrasco & Tovar-García, 2020). Other studies in this block analyze the effect of the monetary policy applied during the 2008 crisis on the profitability of sovereign debt (Borrallo & Hierro, 2015), and how development aid influences the debt sustainability of countries in sub-Saharan Africa (Mongongo et al, 2019).…”

Section: Display Of the Topicsmentioning

confidence: 99%

Thematic and Conceptual Analysis of the Journal of World Economy (Revista de Economía Mundial) Using SciMAT

Moral-Pajares,

Cobo-Martín,

Caviedes-Conde

et al. 2023

REM

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This paper carries out a bibliometric study of the Journal of World Economy (Revista de Economía Mundial) for the period 2008 to 2021 using the SciMAT software, with the aim of discerning how the published research has evolved and the main areas of study have developed, as well as to indicate future lines that could be prioritized. The results obtained reveal that “economic growth” has been the journal’s main theme through the entire period and that “European Union” has been the basic area of research. At the same time, few articles have referred to highly topical issues such as the green transition of the world economy.

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Section: Display Of the Topicsmentioning

confidence: 99%

Thematic and Conceptual Analysis of the Journal of World Economy (Revista de Economía Mundial) Using SciMAT

Moral-Pajares,

Cobo-Martín,

Caviedes-Conde

et al. 2023

REM

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“…Since March 2020, the increase in COVID-19 infections led to governments across the world applying strict measures to mitigate the consequences of the pandemic on their citizens (Caplanova et al, 2021a). These measures included complete lockdowns, the partial closure of borders and social distancing, adversely affecting not only economic activity but also vital spheres for economic growth such as tourism and travel (Carrasco & Tovar-Garcia, 2020;Korzeb & Niedziółka, 2020;Adham, 2021;Zinecker et al, 2021). Consequently, the highly positive economic growth forecasts for 2020 were adjusted to negative values for most countries, indicating a notable phase of economic recession.…”

Section: Introductionmentioning

confidence: 99%

Economic growth and labour market in the European Union: lessons from COVID-19

Přívara

2022

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Research background: The world has been fighting the new pandemic caused by COVID-19 since March 2020. The subsequent restrictions on economic activity resulted in a supply shock, accompanied by a supply chain disruption, job layoffs, reduced work time and wages and decreased disposable incomes and taxes, which led to a demand shock. However, whether a close link exists between the number of confirmed cases, deaths and economic indicators during the COVID-19 pandemic remains uncertain. Purpose of the article: The current study aims to analyse the impact of the number of infections and deaths on economic growth and labour market indicators in the member states of the European Union. Methods: To achieve the main research goal, we conduct a panel data analysis on the quarterly data of 2020. Specifically, we developed three random-effects panel data econometric models to estimate the significance of infection and mortality rates for economic growth as well as employment and unemployment rates. Findings & value added: This study contributes to the existing literature by analysing the link between the infection and mortality rates of COVID-19 and selecting macro-economic indicators within the European Union. The results show that the infection rate is not a significant variable for economic growth and labour market indicators. However, an increase in the number of confirmed deaths has a significantly negative impact on the economy. Moreover, an increase in the mortality rate has a worse impact on the labour market than on economic growth in general. These results can serve as a theoretical basis for future research on the interconnections between pandemics and macro-economic indicators. The findings can also contribute to developing efficient policy instruments for mitigating the negative impact of pandemics in the future, thereby ensuring the cooperation of fiscal, monetary and health policy authorities.

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Tracking the Characteristics of Economic Growth Vulnerability to COVID-19: A Preliminary Analysis

Cited by 2 publications

References 30 publications

Thematic and Conceptual Analysis of the Journal of World Economy (Revista de Economía Mundial) Using SciMAT

Thematic and Conceptual Analysis of the Journal of World Economy (Revista de Economía Mundial) Using SciMAT

Economic growth and labour market in the European Union: lessons from COVID-19

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