What Doesn't Kill You Makes You Stronger? The Impact of the 1918 Spanish Flu Epidemic on Economic Performance in Sweden

Karlsson, Martin; Nilsson, Thérèse; Pichler, Stefan

doi:10.2139/ssrn.2051009

Cited by 11 publications

(4 citation statements)

References 38 publications

(38 reference statements)

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“…This could be assessed to be in tandem with the finding of this study which found an absence of new jobs with the corresponding retrenchment of workers as one of the impacts of COVID-19 on indigenous contractors in developing economies. On the contrary, the finding of this study finds no alignment with Karlsson et al (2012) which found robust evidence that influenza had no discernable effect on earnings; although the study acknowledged the strangeness of its finding as it goes against most previous empirical studies, as well as theoretical postulations. A further comparison of the finding of this study with the impact of the Asia flu of 1957 shows an alignment with the findings of Saunders-Hastings and Kreweski (2016) that there was societal disruption due to school and workplace absenteeism, though mostly amongst children, school teachers and healthcare workers.…”

Section: Discussion Of Findingscontrasting

confidence: 99%

Impact of COVID-19 pandemic on indigenous contractors in a developing economy

Olatunde

Awodele

Adebayo

2021

JEDT

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Purpose The purpose of this study is to examine the impact of coronavirus disease 2019 (COVID-19) on indigenous contractors in a developing economy with a view to enhancing their performance. Design/methodology/approach The study used a purposive sampling technique to select 37 indigenous contractors with ongoing construction contracts in Osun State, Nigeria who provided data for the study. A structured interview protocol was used to elicit the required information from the interviewees and frequency, percentage and content analysis were used for data analysis. Findings The results showed that the critical impact of COVID-19 on indigenous contractors in a developing economy is: time overrun, loss of profit and creation of dispute. Further results showed that other impacts are a disruption in supply of labour, locally sourced materials are with additional cost, the additional cost of implementing COVID-19 protocols, difficulty in sourcing imported materials and absence of new jobs with the corresponding retrenchment of workers. Practical implications The study recommended special palliatives for the indigenous contractors from the government so as to cushion the impact of the pandemic on them, thereby enhance their survival and performance. A special arbitration panel is set up in each state of the federation to look at disputes arising from the aftermath of the pandemic, this is with a view to adequately compensate indigenous contractors with genuine and properly compiled claims. inferring from the findings of the study, it suffices to say that the severity of the impact of the pandemic is very high on indigenous contractors in developing economies, as such a better preparedness strategy could lessen the impact of such pandemic in the future. Originality/value The study is an attempt to unearth the impact of COVID-19 on indigenous contractors with ongoing construction contracts in a developing economy. The study will be of value to construction stakeholders in providing the information needed to devise strategies to minimise the impact of a pandemic on indigenous contractors in future projects thereby enhance their performance.

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Section: Discussion Of Findingscontrasting

confidence: 99%

Impact of COVID-19 pandemic on indigenous contractors in a developing economy

Olatunde

Awodele

Adebayo

2021

JEDT

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“…The effects of the Spanish flu on earnings, capital returns and poverty were estimated for Sweden between 1858 and 1930 using official datasets [23]. It was understood that the pandemic affected poverty and returns on capital negatively, while effects on earnings and effective income were ambiguous.…”

Section: Effects Of Epidemics Throughout Historymentioning

confidence: 99%

Historical evidence for economic effects of COVID-19

2020

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Like wars and socio-politic shifts, contagious diseases have changed the economics and politics of the world throughout history. In 2020, the world faced COVID-19, a globally effective virus leading to mass losses and socioeconomic panic. Due to apparent psycho-social conditions, analyzing the potential economic effects of the COVID-19 pandemic was inevitable. Thus, discussing economic effects of previous global and regional epidemics is considered beneficial. This research evaluated most of the known epidemics and their effects on economics and socio-politics by reviewing scientific literature. In addition to the vast literature and observations on the ongoing process, we assessed the potential impacts of COVID-19 and potential ways to overcome these impacts. The most urgent socioeconomic measures needed to combat the negative effects of a contagious disease are related to unemployment with its income effects and security of all sectors. To prevent persistent unemployment, service, retail, and even industrial sectors need to be supported. Additionally, we discussed the need for reorganizing the funding and managerial sustainability of healthcare services to be prepared for future.

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“…In fact, the outbreak of COVID-19 is not the first communicable disease with intense economic and trade effects around the globe (Morens et al 2020). Similar to other epidemics, such as the Spanish flu of 1918, the COVID-19 pandemic negatively impacted global production, consumption and trade patterns, both directly and indirectly, as a result of lockdowns, social distancing and other related measures introduced by various countries to curb the spread of the disease (Espitia et al 2022;Karlsson et al 2012). As such, temporary shutdowns of manufacturing plants in China, Europe, the United States and other countries led to a decline in the supply of exportable merchandise and to a disruption in global supply chains (GSCs).…”

Section: Insights From Theoretical and Empirical Literaturementioning

confidence: 99%

Investigating the effect of COVID-19 on intra-COMESA trade

Mhonyera,

Masunda,

Meyer

2024

Acta Commercii

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The outbreak of the coronavirus diease 2019 (COVID-19) pandemic directly and indirectly disrupted global production, consumption, and trade patterns. Regional blocs were not an exception. Research purpose:The article aims to investigate the effects of COVID-19 pandemic on regional trade, with a specific focus on the Common Market for Eastern and Southern Africa (COMESA) regional trading bloc.Motivation for the study: The outbreak of the COVID-19 pandemic generated remarkable economic adjustments with severe penalties affecting diverse communities and people globally. As such, regional communities such as COMESA were not an exception. However, relatively little is known about the effects of this pandemic on international trade within particular regional economic communities, and more specifically in the COMESA region.Research design, approach and method: By employing a cross-sectional type gravity model and utilising the Poisson pseudo-maximum likelihood (PPML) method, the article explored trade data for 14 COMESA member states and explicitly regressed intra-COMESA trade values on various measures of the severity of COVID-19 in 2020. The article further assessed the impact of COVID-19 in the COMESA region within the framework of the traditional gravity model variables. Main findings:The findings of this article confirm significant negative effects of COVID-19 cases and lockdown measures on intra-COMESA trade in the exporting country. In the importing country, the effect of COVID-19 on intra-COMESA trade was found to be insignificant regardless of the quantifying measure.Practical/managerial implications: It is recommended in this article that the COMESA regional bloc and the African continent, in general, should expand their respective pharmaceutical production and research and development capacity to be able to respond and advance their future inoculation drives intended to restrain the trade-related impacts of communicable diseases of the COVID-19 nature.Contribution/value-add: This article contributes to the COVID-19 epidemic knowledge base and the existing international trade COVID-19 nexus by enhancing the understanding of the impact of global health shocks on economic outcomes from developing countries perspective. It further presents new empirical evidence that can be utilised as a springboard for policymakers in COMESA to formulate future regional response mechanisms to health crisis of the COVID-19 form.

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What Doesn't Kill You Makes You Stronger? The Impact of the 1918 Spanish Flu Epidemic on Economic Performance in Sweden

Cited by 11 publications

References 38 publications

Impact of COVID-19 pandemic on indigenous contractors in a developing economy

Impact of COVID-19 pandemic on indigenous contractors in a developing economy

Historical evidence for economic effects of COVID-19

Investigating the effect of COVID-19 on intra-COMESA trade

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