Impact of Coronavirus Pandemic on the Global Economy: Demand and Supply Shock

2020 ◽  
Author(s):  
Chinenye Ifeoma Nwokolo ◽  
Matthew Ikechukwu Ogbuagu ◽  
Onyebuchi Iwegbu
Keyword(s):  
Global Economy ◽  
Demand And Supply ◽  
Supply Shock

Impact of Covid-19 on women entrepreneurship in India

2021 ◽  
Vol 13 (1) ◽  
pp. 127-135
Author(s):  
Hiren Rana ◽  
◽  
Dr. Ninad Jhala
Keyword(s):  
Supply Chain ◽  
Business Model ◽  
Small Businesses ◽  
Financial Crises ◽  
Global Economy ◽  
Demand And Supply ◽  
The Government ◽  
Government Rules ◽  
Start Ups ◽  
Roll Back

The current pandemic of COVID 19 proliferated from China since December 2019 over the globe. Since then it has a significant effect visible on the global economy and living pattern of life. India is the fifth richest country abruptly affected after China and America. India is known for innovative start-ups and the business model collapsed due to the reduction in demand and supply chain because the sudden outbreak of COVID 19 resulted in complete lockdown. During COVID 19 pandemic, the government has taken new initiatives to reborn the entrepreneurs of India. However, many industries, small businesses, start-ups were rolling behind due to financial crises. There were no options for entrepreneurs to rely on the government rules, regulations to roll back in the market.

Oil Prices and the Global Economy

2016 ◽  
Vol 16 (210) ◽  
Author(s):  
Kamiar Mohaddes ◽  
M. Pesaran
Keyword(s):  
Interest Rates ◽  
Global Economy ◽  
Negative Relationship ◽  
Oil Prices ◽  
The United States ◽  
Equity Prices ◽  
Demand And Supply ◽  
Time Period ◽  
Oil Markets ◽  
The 2008 Financial Crisis

The recent plunge in oil prices has brought into question the generally accepted view that lower oil prices are good for the United States and the global economy. In this paper, using a quarterly multi-country econometric model, we first show that a fall in oil prices tends relatively quickly to lower interest rates and inflation in most countries, and increase global real equity prices. The effects on real output are positive, although they take longer to materialize (around four quarters after the shock). We then re-examine the effects of low oil prices on the U.S. economy over different sub-periods using monthly observations on real oil prices, real equity prices and real dividends. We confirm the perverse positive relationship between oil and equity prices over the period since the 2008 financial crisis highlighted in the recent literature, but show that this relationship has been unstable when considered over the longer time period of 1946–2016. In contrast, we find a stable negative relationship between oil prices and real dividends which we argue is a better proxy for economic activity (as compared to equity prices). On the supply side, the effects of lower oil prices differ widely across the different oil producers, and could be perverse initially, as some of the major oil producers try to compensate their loss of revenues by raising production. Taking demand and supply adjustments to oil price changes as a whole, we conclude that oil markets equilibrate but rather slowly, with large episodic swings between low and high oil prices.

scholarly journals A Perspective on How Coronavirus Commenced and its Disruptive Impact on Global Economy

2021 ◽  
Vol 4 (3) ◽  
Author(s):  
Ajit Kumar Jaiswal
Keyword(s):  
Global Health ◽  
Economic Burden ◽  
Global Economy ◽  
Extended Period ◽  
Economic Downturn ◽  
Health Crisis ◽  
Demand And Supply ◽  
Scarce Resources ◽  
New Methodologies ◽  
The Impact

This COVID-19 pandemic has a colossal impact on individuals as well as society. The discipline of health economics has grown significantly in recent years and new methodologies and techniques have been developed to evaluate the economic burden of the diseases. Amid the lockdown, scarce resources and increasing medical costs have highlighted the need to quantify the burden of COVID-19 on the healthcare system and thus the present study tried to make accurate economic assessments of the impact of this disease. The outbreak of the COVID-19 pandemic is an unprecedented shock to the economies globally. With the prolonged nation-wide lockdown, global economic downturn, and imbalances of demand and supply sides, the global economy is facing an extended period of slowdown, which is likely to be existing for a while now. The magnitude of the economic impact will depend upon the duration and severity of this global health crisis and the manner in which the situation unfolds once the economy starts to recover

scholarly journals Coronavirus Disease (Covid-19), is Global Recession Evitable?

2020 ◽  
Vol 4 (2) ◽  
pp. 71-77
Author(s):  
Bilkisu Maijamaa ◽  
N. O Nweze ◽  
Hauwa Daniyan Bagudu
Keyword(s):  
Home Schooling ◽  
Severe Form ◽  
Large Drop ◽  
Destructive Effect ◽  
Demand And Supply ◽  
Global Recession ◽  
Supply Shock ◽  
Epidemiological Profile ◽  
Demand Effect ◽  
The Impact

COVID-19 (Coronavirus Disease-2019) is regarded as a public health emergency of international concern. Patients contracting the severe form of the disease constitute approximately 15% of the cases [WHO). The covid-19 is affecting 203 countries and territories around the world. An epidemiological threat such as COVID-19 can have destructive effect on the economy.it is of great importance not to focus only on the epidemiological profile of the virus but also its impact on the economy. As much as economists think about risk-taking as a key driver of the economy, an economy only works if risks are largely known. With the impact of the covid-19 on travel services, durable expenditure, on supply chain and on social isolation (high skilled working from home, home schooling) and impact on demand and supply. On the bases of the listed impact on the economy global recession seems inevitable, there is also possibility of emerging markets. The overall demand effect is probably higher than the initial supply shock. There will be uncertainties, panic, a lot of panic buying and lock-down policies is a key to drive large drop in demand. The investment in a lot of firms especially the small and young firms, spending for households such as rent and mortgagor’s depend largely on cash flow. Large drop in demand will lead to force closure in a lot of firms and this will lead to an increase in lay-offs and hence further drop in consumption, and sadly the economy leads to depressing loop.

scholarly journals Setting a price for carbon for implementing a carbon tax or a cap and trade system for controlling carbon dioxide emissions

2019 ◽  
Author(s):  
Wenfa Ng
Keyword(s):  
Carbon Dioxide ◽  
Environmental Economics ◽  
Carbon Dioxide Emissions ◽  
Carbon Tax ◽  
Local Economy ◽  
Cap And Trade ◽  
Trading System ◽  
Demand And Supply ◽  
Goods And Services ◽  
Supply Shock

Carbon tax and cap and trade are two main policy tools for market-based mechanisms aimed at curbing carbon dioxide emissions. But, their implementation requires a careful calibration of the price of carbon, on which a carbon tax is levied, or which helps price carbon credits in an emissions trading system. Hence, setting a price on carbon, tuned to the fundamentals of the local economy, is a profound question in environmental economics, important for benchmarking the price of many goods and services dependent on fossil fuel energy for material input or function. One approach to setting a price on carbon is to progressively increase the price of carbon through regulatory statute from an initial low price. This would help industries and the economy to gradually adapt to a marketplace where there is an additional regulatory price on carbon in addition to a material and services price. On the other hand, a one-off approach at setting the final price of carbon in the economy may deliver a severe demand and supply shock, which may have repercussions beyond businesses needing to factor the price of carbon in their economic calculus. Thus, whether a progressive price increase in carbon or setting the final price, pricing carbon is a delicate economic issue with significant implications for the functioning of an economy choosing either the carbon tax or cap and trade system for regulating carbon dioxide emissions.

scholarly journals COVID-19 and firms' financial health in Brescia: a simulation with Logistic regression and neural networks

2021 ◽  
Vol 3 (3) ◽  
pp. 293-309
Author(s):  
Alberto Bernardi ◽  
◽  
Daniela Bragoli ◽  
Davide Fedreghini ◽  
Tommaso Ganugi ◽  
...  
Keyword(s):  
Neural Networks ◽  
Logistic Regression ◽  
Global Economy ◽  
Financial Statements ◽  
Financial Health ◽  
Demand And Supply ◽  
Industrial Areas ◽  
Economic Health

<abstract><p>COVID-19 has generated an unprecedented shock to the global economy causing both the decrease in demand and supply. The purpose of this paper is to simulate the effect of COVID-19 on firms' financial statements in Brescia. The shocked information is then fed into two bankruptcy models with the aim of providing an up-to-date picture of firms' economic health in one of the most prosperous industrial areas in Italy and Europe.</p></abstract>

scholarly journals The differential effects of oil demand and supply shocks on the global economy

2014 ◽  
Vol 44 ◽  
pp. 113-134 ◽  
Author(s):  
Paul Cashin ◽  
Kamiar Mohaddes ◽  
Maziar Raissi ◽  
Mehdi Raissi
Keyword(s):  
Global Economy ◽  
Demand And Supply ◽  
Differential Effects ◽  
Supply Shocks ◽  
Oil Demand

scholarly journals IMPLIKASI GLOBALISASI EKONOMI DAN PERDAGANGAN BEBAS TERHADAP STABILITAS NILAI RUPIAH

Asy-Syari ah ◽  
2015 ◽  
Vol 17 (2) ◽  
Author(s):  
Herlan Firmansyah ◽  
Endang Hendra
Keyword(s):  
Exchange Rate ◽  
Free Trade ◽  
Global Economy ◽  
Aggregate Demand ◽  
Economic Globalization ◽  
Demand And Supply ◽  
Independent Variables ◽  
Dependent Variables ◽  
The World ◽  
International Transactions

Economic globalization has become a difficult international agenda inevitable by all countries in the world. As well as accelerator movement derivative program of economic globalization, developing free trade (free trade) that has gradually been implemented in most specific regions in the world. For example, NAFTA program that has been effective since January 1, 1994, CAFTA has been in effect as of January 1, 2010 and MEAs will soon be put into effect from December 31, 2015. The goal ultimately is the realization of free trade world as the embodiment of a large agenda that no other is economic globalization. The implication, will materialize inter­de­pendent global economy (interdependent) between countries in the world. Including the interdependence of the external value of a country's currency as a unit of account, medium of exchange and store of Value on goods traded within the International transactions. The external value of the currency or commonly known as the exchange rate (exchange rate) is formed as a result of interaction between aggregate demand (aggregate demand) and supply aggregate (aggregate supply) in the money market. Thus, the phenomenon of economic globalization and free trade world that nowadays more and stronger will be the independent variables that can affect currency values of variables as dependent variables of aggregate demand side.

Data Mining in Franchise Organizations

2005 ◽  
pp. 714-722 ◽  
Author(s):  
Ye-Sho Chen ◽  
Bin Zhang ◽  
Bob Justis
Keyword(s):  
Direct Investment ◽  
Global Economy ◽  
Growth Strategy ◽  
High Rate ◽  
The Internet ◽  
Business Growth ◽  
Demand And Supply ◽  
Business Failures ◽  
Global Demand ◽  
Business Approach

Franchising has been a popular business approach given the high rate of business failures (Justis & Judd, 2002; Thomas & Seid, 2000), and its popularity continues to increase in today’s e-business-centered global economy. For example, Entrepreneur magazine¾well known for its Franchise 500 listing¾in early 2001 included a category called Tech Businesses into its Franchise Zone which contains subcategories of Internet Businesses, Tech Training, and Miscellaneous Tech Businesses. At the time of this writing, 35 companies are on the list of Entrepreneur.com. Netchising, combing the power of the Internet for global demand-and-supply processes and international franchising arrangements for local responsiveness, seems to rise as an effective global e-business growth strategy (Beck & Morrison, 2000; Morrison, Beck & Bouquet, 2000). The Netchising business model “offers potentially huge benefits over traditional exporting or foreign direct investment approaches to globalization” and is “a powerful concept with potentially broad applications” (Davenport, 2000, p. 52).

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