20 years

EJCE Year: 2022, December. Volume: 19 - Issue: 2

World vs virus: the global economic impact of COVID-19

by Aleksandra Kordonska, Khrystyna Shparyk

Start page: 161 - End page: 193

Keywords: COVID-19, Coronavirus, Crisis, Global economy, Pandemic

Jel code: F01; H12; I15; O2

DOI: 10.25428/1824-2979/011

Abstract:

The rapid global spread of Coronavirus Disease 2019 has changed the world. While a massive effort is under way to develop a vaccine, economists have debated whether the shock to the global economy will be 'temporary' or 'permanent'. Given the research interest on the biggest challenge in the modern history, we made an attempt to predict potential economic consequences of a pandemic in a short- and long-term perspective on the basis of the scientific works, experts’ opinions and currently available data. An experience of influenza pandemic became a theoretical framework for research. The novelty and timeliness of our research relies on being able to study the impact of pandemic for global economy, government policy and business just at the beginning of its spreading. The research informs citizens and policymakers about the risks, possible ways to prevent economic crisis and how to deal with the potential consequences with a particular focus on COVID-19 response of international community.

View this article (PDF)

In case of problems please write an e-mail to secretariat.ejce@liuc.it

Publisher perpetually authorizes participants in the LOCKSS system to archive and restore EJCE articles through the LOCKSS System for the benefit of all LOCKSS System participants. EJCE is registered as OAI-PMH data provider. OAI - Records check.
EJCE, 2018-    : Registro stampa Trib. Busto Arsizio n. 7/18 del 13.07.2018; Direttore responsabile: Laura Ballestra, Università Carlo Cattaneo - LIUC c.so Matteotti 22 20153 Castellanza VA
EJCE, 2004-2017: Supplemento a LIUC Papers, Registro stampa Trib. Busto Arsizio n. 11/93 del 11.06.1993; Direttore responsabile: Laura Ballestra, Università Carlo Cattaneo - LIUC c.so Matteotti 22 20153 Castellanza VA