Peoples Income and Consumption Pattern during & before COVID-19 Pandemic: A Study in the Northern Areas of Bangladesh
The SARS COV2 pandemic hits the life and livelihoods of millions and consequently slows down the world economy. The pandemic hits hard the specific social groups due to travel restrictions/bans and other regulations that affect their income and consumption patterns. The goal of this paper is to find...
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| Format: | Article |
| Language: | English |
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Mashhad: Behzad Hassannezhad Kashani
2022-10-01
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| Series: | International Journal of Management, Accounting and Economics |
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| Online Access: | https://www.ijmae.com/article_160765_f628ff6bd705a9a54815b863cc6866f7.pdf |
| _version_ | 1797744372244021248 |
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| author | Mohammad Nazmus Sakib Abu Hurira Md Ariful Islam |
| author_facet | Mohammad Nazmus Sakib Abu Hurira Md Ariful Islam |
| author_sort | Mohammad Nazmus Sakib |
| collection | DOAJ |
| description | The SARS COV2 pandemic hits the life and livelihoods of millions and consequently slows down the world economy. The pandemic hits hard the specific social groups due to travel restrictions/bans and other regulations that affect their income and consumption patterns. The goal of this paper is to find out whether the pandemic has any effect on consumption and income patterns among consumers in rural settings. To implement this study, structured questionnaires were sent to respondents and collect data from 180 samples living in rural areas of four different administrative districts in Bangladesh such as Rajshahi, Bogura, Naogaon, and Natore. Using paired sample T-test (parametric) and Wilcoxon signed ranked test (nonparametric) test found that pandemics had a significant effect on the pattern of consumption and income in the northern area of Bangladesh. While the Keynesian method of income determination shows that the MPC before the COVID-19 pandemic was 0.31 and during it was 0.37. This shows that consumers would like to consume at a higher level compared to them before the COVID-19 pandemic. Overall, the study revealed that though the pandemic significantly affect consumers’ income to reduce, consumption levels inclines fuelled by the fear of panic buying during the pandemic. Government should have preparedness to provide essential goods during any natural disasters or pandemic-like events. |
| first_indexed | 2024-03-12T15:08:49Z |
| format | Article |
| id | doaj.art-0137874241b3416d9a6521d79b8b213d |
| institution | Directory Open Access Journal |
| issn | 2383-2126 |
| language | English |
| last_indexed | 2024-03-12T15:08:49Z |
| publishDate | 2022-10-01 |
| publisher | Mashhad: Behzad Hassannezhad Kashani |
| record_format | Article |
| series | International Journal of Management, Accounting and Economics |
| spelling | doaj.art-0137874241b3416d9a6521d79b8b213d2023-08-11T20:25:46ZengMashhad: Behzad Hassannezhad KashaniInternational Journal of Management, Accounting and Economics2383-21262022-10-0191065366810.5281/zenodo.7330163160765Peoples Income and Consumption Pattern during & before COVID-19 Pandemic: A Study in the Northern Areas of BangladeshMohammad Nazmus Sakib0Abu Hurira1Md Ariful Islam2Department of Economics, Islamic University Bangladesh, Kushtia, BangladeshDepartment of Economics, Islamic University Bangladesh, Kushtia, BangladeshDepartment of Economics, Islamic University Bangladesh, Kushtia, BangladeshThe SARS COV2 pandemic hits the life and livelihoods of millions and consequently slows down the world economy. The pandemic hits hard the specific social groups due to travel restrictions/bans and other regulations that affect their income and consumption patterns. The goal of this paper is to find out whether the pandemic has any effect on consumption and income patterns among consumers in rural settings. To implement this study, structured questionnaires were sent to respondents and collect data from 180 samples living in rural areas of four different administrative districts in Bangladesh such as Rajshahi, Bogura, Naogaon, and Natore. Using paired sample T-test (parametric) and Wilcoxon signed ranked test (nonparametric) test found that pandemics had a significant effect on the pattern of consumption and income in the northern area of Bangladesh. While the Keynesian method of income determination shows that the MPC before the COVID-19 pandemic was 0.31 and during it was 0.37. This shows that consumers would like to consume at a higher level compared to them before the COVID-19 pandemic. Overall, the study revealed that though the pandemic significantly affect consumers’ income to reduce, consumption levels inclines fuelled by the fear of panic buying during the pandemic. Government should have preparedness to provide essential goods during any natural disasters or pandemic-like events.https://www.ijmae.com/article_160765_f628ff6bd705a9a54815b863cc6866f7.pdfpandemicscovid-19consumption habitsmpcnorthern bangladesh |
| spellingShingle | Mohammad Nazmus Sakib Abu Hurira Md Ariful Islam Peoples Income and Consumption Pattern during & before COVID-19 Pandemic: A Study in the Northern Areas of Bangladesh International Journal of Management, Accounting and Economics pandemics covid-19 consumption habits mpc northern bangladesh |
| title | Peoples Income and Consumption Pattern during & before COVID-19 Pandemic: A Study in the Northern Areas of Bangladesh |
| title_full | Peoples Income and Consumption Pattern during & before COVID-19 Pandemic: A Study in the Northern Areas of Bangladesh |
| title_fullStr | Peoples Income and Consumption Pattern during & before COVID-19 Pandemic: A Study in the Northern Areas of Bangladesh |
| title_full_unstemmed | Peoples Income and Consumption Pattern during & before COVID-19 Pandemic: A Study in the Northern Areas of Bangladesh |
| title_short | Peoples Income and Consumption Pattern during & before COVID-19 Pandemic: A Study in the Northern Areas of Bangladesh |
| title_sort | peoples income and consumption pattern during before covid 19 pandemic a study in the northern areas of bangladesh |
| topic | pandemics covid-19 consumption habits mpc northern bangladesh |
| url | https://www.ijmae.com/article_160765_f628ff6bd705a9a54815b863cc6866f7.pdf |
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