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Full Description
This comprehensive book brings together research published during 2021 analysing the impact of the Covid-19 pandemic on the economy - on output and employment, on inequality, and on public policy responses.
The Covid-19 pandemic has been the greatest public health crisis for a century - since the 'Spanish Flu' pandemic of 1919. The economic impact has been equally seismic. While it is too early to measure the full economic cost - since much of this will continue to accumulate for some time to come - it will certainly be one of the greatest global economic shocks of the past century.
Some chapters in this edited volume report on specific countries, while some take a comparative look between countries, and others analyse the impact upon the global economy. Even before the Covid-19 pandemic, there had been calls for a 'great reset' in face of the climate crisis, the increased income and wealth inequality, and the need to avoid further global financial crisis. With the devastating Covid-19 pandemic - a harbinger for further such pandemics - there is an even greater need for a reset, and for the reset to be that much greater.
The chapters in this book were originally published as special issues in the journal International Review of Applied Economics.
Contents
Introduction: Building back better? Part 1: Causes, Effects and Impact of the COVID-19 Crisis 1. Organizational participation in post-covid society: its contributions and enabling conditions 2. The psychological consequences of COVID-19 lockdowns 3. COVID-19: effectiveness of socioeconomic factors in containing the spread and mortality 4. Is there a shift contagion among stock markets during the COVID-19 crisis? Further insights from TYDL causality test 5. Health risk and the efficient market hypothesis in the time of COVID-19 6. Behavioral finance and market efficiency in the time of the COVID-19 pandemic: does fear drive the market? 7. Analysis of containment measures and economic policies arising from COVID-19 in the European Union 8. Covid 19: Ramifications for progress towards the sustainable development goals (SDGs) in Nigeria 9. The political risk factors of COVID-19 10. A green new deal and debt sustainability for the post COVID-19 world 11. COVID-19 and the Chinese economy: impacts, policy responses and implications Part 2: Covid-19, Inequality, and Government Responses 12. The 'Great Reset' to tackle Covid-19 and other crises 13. The Covid-19 pandemic and economic stimulus in India: has it been a hostage of macroeconomic complications? 14. Accounting for global value chains: rising global inequality in the wake of COVID-19? 15. Impact of pandemics on income inequality: lessons from the past 16. The Korean government's public health responses to the COVID-19 epidemic through the lens of industrial policy 17. The impact of COVID-19 on the Indian economy 18. An empirical analysis of COVID-19 response: comparison of US with the G7
