World vs virus: the global economic impact of COVID-19
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 chal...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Università Carlo Cattaneo LIUC
2022-12-01
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| Series: | The European Journal of Comparative Economics |
| Subjects: | |
| Online Access: | https://ejce.liuc.it/articles/ejce011.pdf |
| _version_ | 1797654330115883008 |
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| author | Aleksandra Kordonska Khrystyna Shparik |
| author_facet | Aleksandra Kordonska Khrystyna Shparik |
| author_sort | Aleksandra Kordonska |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-03-11T16:57:53Z |
| format | Article |
| id | doaj.art-fe278a6290d748cb95362d8f307b5830 |
| institution | Directory Open Access Journal |
| issn | 1824-2979 |
| language | English |
| last_indexed | 2024-03-11T16:57:53Z |
| publishDate | 2022-12-01 |
| publisher | Università Carlo Cattaneo LIUC |
| record_format | Article |
| series | The European Journal of Comparative Economics |
| spelling | doaj.art-fe278a6290d748cb95362d8f307b58302023-10-20T14:20:14ZengUniversità Carlo Cattaneo LIUCThe European Journal of Comparative Economics1824-29792022-12-0119216119310.25428/1824-2979/01118242979World vs virus: the global economic impact of COVID-19Aleksandra KordonskaKhrystyna ShparikThe 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.https://ejce.liuc.it/articles/ejce011.pdfcovid-19coronaviruscrisisglobal economypandemic |
| spellingShingle | Aleksandra Kordonska Khrystyna Shparik World vs virus: the global economic impact of COVID-19 The European Journal of Comparative Economics covid-19 coronavirus crisis global economy pandemic |
| title | World vs virus: the global economic impact of COVID-19 |
| title_full | World vs virus: the global economic impact of COVID-19 |
| title_fullStr | World vs virus: the global economic impact of COVID-19 |
| title_full_unstemmed | World vs virus: the global economic impact of COVID-19 |
| title_short | World vs virus: the global economic impact of COVID-19 |
| title_sort | world vs virus the global economic impact of covid 19 |
| topic | covid-19 coronavirus crisis global economy pandemic |
| url | https://ejce.liuc.it/articles/ejce011.pdf |
| work_keys_str_mv | AT aleksandrakordonska worldvsvirustheglobaleconomicimpactofcovid19 AT khrystynashparik worldvsvirustheglobaleconomicimpactofcovid19 |