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COVID-19 pandemic-related policy stringency and economic decline : was it really inevitable?
ID Bajra, Ujkan Q. (Avtor), ID Aliu, Florin (Avtor), ID Aver, Boštjan (Avtor), ID Čadež, Simon (Avtor)

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Izvleček
The coronavirus outbreak in 2020 shattered economies, public health and public well-being worldwide literally overnight. In response to the pandemic, most countries implemented a delicate balance of policy stringency and economic support to ensure public health, social security and a vibrant economy. With the pandemic slowly phasing out, our article explores the effectiveness of various governmental strategies for ensuring economic growth. The proposed econometric model is tested using panel quarterly data for 49 (37 OECD þ 12 non-OECD) countries for all four quarters of 2020 and the first quarter of 2021. Our findings show that policy stringency and economic support are both negatively associated with economic growth. We also find that the stringency was largely responsive, oriented to preventing the collapse of health systems after infections had already become widespread, not towards saving human lives by preventing soaring levels of infection. While our findings appear to lend support for the view that a trade-off between human lives and the economy was inevitable, we also challenge this view by evidence that some countries were able to secure a double dividend of maintaining public health and a vibrant economy by a prudent far-sighted stringency policy of preventing the virus outbreak.

Jezik:Angleški jezik
Ključne besede:pandemic, stagnation, crises, policy stringency, economic policy, COVID-19 pandemic, economic growth, public health
Vrsta gradiva:Članek v reviji
Tipologija:1.01 - Izvirni znanstveni članek
Organizacija:EF - Ekonomska fakulteta
Status publikacije:Objavljeno
Različica publikacije:Objavljena publikacija
Datum objave:01.06.2022
Leto izida:2022
PID:20.500.12556/RUL-137649 Povezava se odpre v novem oknu
UDK:330.3
ISSN pri članku:1331-677X
DOI:10.1080/1331677X.2022.2077792 Povezava se odpre v novem oknu
COBISS.SI-ID:110366211 Povezava se odpre v novem oknu
Datum objave v RUL:24.06.2022
Število ogledov:907
Število prenosov:90
Metapodatki:XML DC-XML DC-RDF
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Gradivo je del revije

Naslov:Ekonomska istraživanja = Economic research
Založnik:Taylor & Francis, Sveučilište Jurja Dobrile u Puli
ISSN:1331-677X
COBISS.SI-ID:6796877 Povezava se odpre v novem oknu

Licence

Licenca:CC BY 4.0, Creative Commons Priznanje avtorstva 4.0 Mednarodna
Povezava:http://creativecommons.org/licenses/by/4.0/deed.sl
Opis:To je standardna licenca Creative Commons, ki daje uporabnikom največ možnosti za nadaljnjo uporabo dela, pri čemer morajo navesti avtorja.
Začetek licenciranja:01.06.2022

Sekundarni jezik

Jezik:Slovenski jezik
Ključne besede:pandemija, ekonomska rast, stagnacija, krize

Projekti

Financer:ARRS - Agencija za raziskovalno dejavnost Republike Slovenije
Program financ.:Raziskovalni program
Številka projekta:P5-0410
Naslov:Digitalizacija kot gonilo trajnostnega razvoja posameznika, organizacij in družbe

Financer:ARRS - Agencija za raziskovalno dejavnost Republike Slovenije
Program financ.:Raziskovalni projekt - temeljni
Številka projekta:J5-9329
Naslov:Poslovna analitika in poslovni modeli v oskrbovalnih verigah

Financer:ARRS - Agencija za raziskovalno dejavnost Republike Slovenije
Program financ.:Raziskovalni projekt - temeljni
Številka projekta:J5-1783
Naslov:Okolju prijazno vedenje v turizmu

Financer:ARRS - Agencija za raziskovalno dejavnost Republike Slovenije
Program financ.:Raziskovalni projekt - temeljni
Številka projekta:J5-2555
Naslov:Oblikovanje organizacije v digitalni dobi

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