Grim situation of the world due to COVID19: economic perspective
-
DOIhttps://doi.org/10.21511/gg.03(1).2020.03
-
Article InfoVolume 3 2019–2020, Issue #1, pp. 24-29
- Cited by
- 1453 Views
-
168 Downloads
This work is licensed under a
Creative Commons Attribution 4.0 International License
Besides human death economic catastrophe, which has already been started around the world due to COVID19, a question arises how to tackle the devastating nature of this pandemic. The study is basically done based on secondary sources. Time period of the study was up to April 6, 2020. The study tried to get a conceptual view for time demanding collaborative effort among the global arena so that this pandemic cannot make long-lasting devastating impact on global economy. The study also did a small opinion poll survey by email/cell phone, land phone, and personally asking by maintaining social distance among 108 respondents considering three segments of the income strata of the people in Bangladesh. Based on the respondents replies, Figure 2 was drawn, which is shown in Appendix.
- Keywords
-
JEL Classification (Paper profile tab)E24, E26, E63
-
References11
-
Tables0
-
Figures2
-
- Figure 1. Global economic impact of COVID19
- Figure 2. Opinion pool survey in Bangladesh
-
- Besley, T., Ilzetzki, E., Jaravel, X., Landais, C., & Reis, R. (March 23, 2020). Treasury Select Committee - Call for Evidence on Covid-19 Financial Package.
- Delkic, M. (2020). Global Recession, Coronavirus, Face Masks: Your Thursday Briefing. Here’s what you need to know. The New York Times.
- Euractiv. (2020). German minister commits suicide after ‘virus crisis worries’.
- Knibbs, K. (2020). The Race to Keep Health Care Workers Protected from Covid-19.
- Nusrat, N., & Hasan, M. R. (2020). Snapshot of Life under Lockdown in Bangladesh. Inter Press Service.
- Politico. (2020). ‘No words for this’: 10 million workers file jobless claims in just two weeks.
- Romer, P., & Garber, A. M. (March 23, 2020). Will Our Economy Die From Coronavirus? The New York Times.
- Shrivastava, A. (2020). Covid-19: Myntra, Bookmyshow, others use entertainment to connect with customers. Economic Times, India.
- The Daily Star. (2020, April 2). Coronavirus Fallout: Govt to help affected SMEs.
- The Daily Star. (2020, April 6). COVID-19 Tk 72,750 cr bailout plan.
- Worldometers. (n.d.). COVID-19 CORONAVIRUS PANDEMIC (Statistics).
-
An assessment of informal SMEs’ potential in an African economy – theoretical and conceptual framework
Public and Municipal Finance Volume 7, 2018 Issue #2 pp. 1-13 Views: 3436 Downloads: 467 TO CITE АНОТАЦІЯInformal Small and Medium Enterprises (SMEs) play a key role in their respective economies over the world particularly in the African continent. This paper reviews various theories on SMEs towards understanding the potential of the informal sector in the context of African countries. The paper uses a theoretical approach for the purpose of assessing the challenges that have affected the development of the informal SMEs sector over the years in both the developing and developed world. Economically developing countries in Africa pose unique challenges to informal SMEs development compared to the developed countries. The paper reviews the theories that define the rise to informality in Africa by identifying the key determinants for the emergence of informal SMEs. A conceptual framework for assessing informal SME’s potential for Africa is developed. The conceptual framework is based on the Fishbone diagram developed by Kaoru Ishikawa (1986). This paper discusses the intricacies of the applicability of the proposed conceptual framework to assess the potential of the informal SMEs in Africa and the way forward for the formalization debate.
-
Women’s professional activity as an element of human capital management in the aspect of non-formal employment
Monika Pasternak-Malicka
,
Aldona Migała-Warchoł
doi: http://dx.doi.org/10.21511/ppm.16(4).2018.31
Problems and Perspectives in Management Volume 16, 2018 Issue #4 pp. 375-383 Views: 968 Downloads: 118 TO CITE АНОТАЦІЯThe aim of the article is an attempt to assess the impact of women’s occupational activity on the tendency to take up informal employment as an element of human capital management. The paper attempts to assess the relationship between the unemployment rate and the employment rate and the share of informal work in GDP. Methodology: The implementation of the objective required the use of statistical methods, in particular, linear regression methods. Results: The publication describes the nature of informal employment, the level of professional activity of women in the selected European Union countries in 2017. Based on statistical data, an attempt was made to assess the impact of professional activity among women on non-formal work based on the linear regression method.
-
Auto-regressive Distributed Lag Model for long-run US household debt determinants
Ezelda Swanepoel
doi: http://dx.doi.org/10.21511/imfi.16(3).2019.05
Investment Management and Financial Innovations Volume 16, 2019 Issue #3 pp. 40-48 Views: 809 Downloads: 120 TO CITE АНОТАЦІЯUS household debt increased on a yearly basis from 1987 to 2007. In addition, household debt in the USA nearly doubled between 2000 and 2007, from $5.6 trillion to $9 trillion. This came to an abrupt end in 2009 with the crash of the financial market. This paper employs the bound test and Auto-regressive Distributed Lag Model to determine the long-run relationship between US household debt and consumer prices, housing prices, the unemployment rate, and the lending rate. Unit root tests were conducted first to ascertain the stationarity of the variables. E-views 11 was used in the analysis of the data, which was obtained from Q1: 1990 to Q1: 2007 from the International Monetary Fund and the US FED. It was found that in the long run, there is a negative effect of consumer prices and unemployment on US household debt, while house prices and the lending rate would have a positive effect on household debt.
