Policy measures for economic resilience of Visegrad Group and Ukraine during the pandemic
The COVID-19 pandemic has posed unprecedented healthcare and economic resilience challenges for the world. This study systematizes the policy measures taken by the Visegrad Group and Ukraine to support national economies in response to the pandemic. The paper is based on a grouping method to systema...
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2022-04-01
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| Series: | Problems and Perspectives in Management |
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| Online Access: | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/16435/PPM_2022_02_Boiko.pdf |
| _version_ | 1818025045542305792 |
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| author | Alina Boiko Yurii Umantsiv Ivan Cherlenjak Volodymyr Prikhodko Diana Shkuropadska |
| author_facet | Alina Boiko Yurii Umantsiv Ivan Cherlenjak Volodymyr Prikhodko Diana Shkuropadska |
| author_sort | Alina Boiko |
| collection | DOAJ |
| description | The COVID-19 pandemic has posed unprecedented healthcare and economic resilience challenges for the world. This study systematizes the policy measures taken by the Visegrad Group and Ukraine to support national economies in response to the pandemic. The paper is based on a grouping method to systematize the policy measures, and a tabular method to present the results of the policy measures classification. Following systematization results, the policy measures for ensuring the economic resilience under the pandemic are classified as quarantine and compensatory measures. Additionally, quarantine measures were classified into prohibitions, restrictions, and recommendations. Compensatory measures were classified by the type of policy and grouped according to the global dimension in periodization of the COVID-19 waves. The analysis of quarantine measures in Ukraine and Visegrad Group also shows that prohibitions had been used most frequently and for the longest time in Ukraine, particularly they included school closures, public transport closing, and restrictions on internal movement. Meanwhile, fiscal, macroprudential, and microprudential measures prevailed among the compensatory measures. Simultaneously, 38% of all fiscal measures were direct grants to households and enterprises. The largest number of various measures (78) were implemented in Poland, linking quarantine and compensatory measures. The least compensatory measures were implemented in Ukraine (19) and Slovakia (15). Overall, policy measures helped to avoid a worse scenario of pandemic impact but did not help to overcome the effects of the pandemic fully. |
| first_indexed | 2024-12-10T04:09:52Z |
| format | Article |
| id | doaj.art-e2f22099936840cea4f0e286f5fce512 |
| institution | Directory Open Access Journal |
| issn | 1727-7051 1810-5467 |
| language | English |
| last_indexed | 2024-12-10T04:09:52Z |
| publishDate | 2022-04-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Problems and Perspectives in Management |
| spelling | doaj.art-e2f22099936840cea4f0e286f5fce5122022-12-22T02:02:46ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672022-04-01202718310.21511/ppm.20(2).2022.0716435Policy measures for economic resilience of Visegrad Group and Ukraine during the pandemicAlina Boiko0https://orcid.org/0000-0003-4136-4081Yurii Umantsiv1https://orcid.org/0000-0003-0788-7110Ivan Cherlenjak2https://orcid.org/0000-0001-6270-5549Volodymyr Prikhodko3https://orcid.org/0000-0002-1354-5195Diana Shkuropadska4https://orcid.org/0000-0002-6883-711XD.Sc. (Economics), Professor, Department of Public Administration, Kyiv National University of Trade and EconomicsD.Sc. (Economics), Professor, Department of Economic Theory and Competition Policy, Kyiv National University of Trade and EconomicsD.Sc. (Public Administration), Professor, Department of Business Administration, Marketing and Management, Uzhhorod National UniversityD.Sc. (Economics), Professor, Head of the Department of International Economic Relations, Uzhhorod National UniversityPh.D. (Economics), Senior Lecturer, Department of Economic Theory and Competition Policy, Faculty of Economics, Management and Psychology, Kyiv National University of Trade and EconomicsThe COVID-19 pandemic has posed unprecedented healthcare and economic resilience challenges for the world. This study systematizes the policy measures taken by the Visegrad Group and Ukraine to support national economies in response to the pandemic. The paper is based on a grouping method to systematize the policy measures, and a tabular method to present the results of the policy measures classification. Following systematization results, the policy measures for ensuring the economic resilience under the pandemic are classified as quarantine and compensatory measures. Additionally, quarantine measures were classified into prohibitions, restrictions, and recommendations. Compensatory measures were classified by the type of policy and grouped according to the global dimension in periodization of the COVID-19 waves. The analysis of quarantine measures in Ukraine and Visegrad Group also shows that prohibitions had been used most frequently and for the longest time in Ukraine, particularly they included school closures, public transport closing, and restrictions on internal movement. Meanwhile, fiscal, macroprudential, and microprudential measures prevailed among the compensatory measures. Simultaneously, 38% of all fiscal measures were direct grants to households and enterprises. The largest number of various measures (78) were implemented in Poland, linking quarantine and compensatory measures. The least compensatory measures were implemented in Ukraine (19) and Slovakia (15). Overall, policy measures helped to avoid a worse scenario of pandemic impact but did not help to overcome the effects of the pandemic fully.https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/16435/PPM_2022_02_Boiko.pdfCOVID-19 crisisnational economypolicy measuresresilience |
| spellingShingle | Alina Boiko Yurii Umantsiv Ivan Cherlenjak Volodymyr Prikhodko Diana Shkuropadska Policy measures for economic resilience of Visegrad Group and Ukraine during the pandemic Problems and Perspectives in Management COVID-19 crisis national economy policy measures resilience |
| title | Policy measures for economic resilience of Visegrad Group and Ukraine during the pandemic |
| title_full | Policy measures for economic resilience of Visegrad Group and Ukraine during the pandemic |
| title_fullStr | Policy measures for economic resilience of Visegrad Group and Ukraine during the pandemic |
| title_full_unstemmed | Policy measures for economic resilience of Visegrad Group and Ukraine during the pandemic |
| title_short | Policy measures for economic resilience of Visegrad Group and Ukraine during the pandemic |
| title_sort | policy measures for economic resilience of visegrad group and ukraine during the pandemic |
| topic | COVID-19 crisis national economy policy measures resilience |
| url | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/16435/PPM_2022_02_Boiko.pdf |
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