We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Impact of Coronavirus Pandemic on the Global Economy: Demand and Supply Shocks.
- Authors
Nwokolo, Chinenye Ifeoma; Ogbuagu, Matthew Ikechukwu; Iwegbu, Onyebuchi
- Abstract
This paper examines the dynamic effects of coronavirus pandemic on the global economy by pitching its searchlights on the demand and supply shocks. The study employed Vector Autoregression (VAR) technique and Granger causality test; the Granger causality test revealed that COVID-19 pandemic does not trigger change in regional stock markets and commodity prices within these regions; except for the price of natural gas which changed as a result of the COVID- 19 pandemic in Europe. Besides the EURONEXT market in Eastern Mediterranean region, the impulse response shows that other regional stock markets responded positively to shocks in daily report of COVID-19 confirmed cases. The study concludes that within the study period, the HSBC’s stock index was the worst-hit. Economies must embrace aggressive efforts at developing COVID- 19 vaccine as well as coordinated policy measures at increasing the stock market pause above 15 minutes whenever stock prices fall below the lower bound threshold.
- Subjects
COVID-19 pandemic; INTERNATIONAL competition; SUPPLY &; demand; GRANGER causality test; HSBC Holdings PLC; STOCK exchanges
- Publication
Ovidius University Annals, Series Economic Sciences, 2020, Vol 20, Issue 1, p50
- ISSN
2393-3127
- Publication type
Article