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Spillover of COVID-19: Impact on the Global Economy
Open accessAbstract
How did a health crisis translate to an economic crisis? Why did the spread of the coronavirus bring the global economy to its knees? The answer lies in two methods by which coronavirus stifled economic activities. First, the spread of the virus encouraged social distancing which led to the shutdown of financial markets, corporate offices, businesses and events. Second, the exponential rate at which the virus was spreading, and the heightened uncertainty about how bad the situation could get, led to flight to safety in consumption and investment among consumers, investors and international trade partners.
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Cited by
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Rahman, M. T., Sobur, M. A., Islam, M. S., Ievy, S., Hossain, M. J., El Zowalaty, M. E., Rahman, A. T., & Ashour, H. M. (2020) · Microorganisms · doi:10.3390/microorganisms8091405 · Cited by 853
Waters, L., Cameron, K., Nelson-Coffey, S. K., Crone, D. L., Kern, M. L., Lomas, T., Oades, L., Owens, R. L., Pawelski, J. O., Rashid, T., et al. (2022) · The Journal of Positive Psychology · doi:10.1080/17439760.2021.1940251 · Cited by 98
The effect of state-level stay-at-home orders on COVID-19 infection rates
Castillo, R. C., Staguhn, E. D., & Weston-Farber, E. (2020) · American Journal of Infection Control · doi:10.1016/j.ajic.2020.05.017 · Cited by 66
“In each case, there was controversy regarding the appropriateness of the order, and it is widely understood that these decisions incur human and economic costs.(4) In the current analysis, we present data from the states with stay-athome orders and examine the effect of these policies on the rate of increase in COVID-…”
Asante Antwi, H., Zhou, L., Xu, X., & Mustafa, T. (2021) · Healthcare · doi:10.3390/healthcare9040453 · Cited by 62
Reimagining global health systems for the 21st century: lessons from the COVID-19 pandemic
Assefa, Y., Gilks, C. F., van de Pas, R., Reid, S., Gete, D. G., & Van Damme, W. (2021) · BMJ Global Health · doi:10.1136/bmjgh-2020-004882 · Cited by 48
Scheiwiller, S., & Zizka, L. (2021) · Journal of Air Transport Management · doi:10.1016/j.jairtraman.2021.102103 · Cited by 42
Shishir, T. A., Jannat, T., & Naser, I. B. (2022) · doi:10.1101/2022.02.21.481269 · Cited by 5
Metadata
- Authors
- Ozili, P. K., & Arun, T.
- Venue
- SSRN Electronic Journal
- Publisher
- Elsevier BV
- Published
- 2020
- ISSN
- 1556-5068 (ISSN-L)
- OpenAlex
- W3013706344
- Cited by
- 1,400
- References
- 0
- Type
- posted content
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
