The Covid-19 Disease and Policy Response to Mitigate the Economic Impact in the EU

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dc.contributor.authorZinecker, Marekcs
dc.contributor.authorDoubravský, Karelcs
dc.contributor.authorBalcerzak, Adam Przemyslawcs
dc.contributor.authorPietrzak, Michał Bernardcs
dc.contributor.authorDohnal, Mirkocs
dc.coverage.issue3cs
dc.coverage.volume27cs
dc.date.issued2021-05-24cs
dc.description.abstractThis study aims to understand how Covid-19 contagious disease and the EU’s policy response may affect macroeconomic performance. Previous studies on this topic have used historical data sets on “rare macroeconomic disasters” such as Great Influenza to assess the impact of the current pandemic on the global economy. The authors examine the main channels of transmission and targeted policy response to mitigate crisis qualitatively. The authors use heuristics and apply qualitative trend-based analysis because the current pandemic is a unique event for which accurate quantitative data are not currently available. Researchers first identify a set of eight variables based on previous academic theories. They then express each variable as a trend: ascending, descending, and constant. The numerical calculations consist of 17 scenarios, supplemented by 24 transitions and a transition graph. Besides, the article proposes a graphical solution to examine the change in GDP that is too small. The results of the study should be understood as a reference point to allow both private and public stakeholders to understand better the relationship between the observed variables and their dynamics. The research provides a comprehensive list of future events to examine further the implications for the economy as a whole and each individual.en
dc.formattextcs
dc.format.extent742-762cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationTechnological and Economic Development of Economy. 2021, vol. 27, issue 3, p. 742-762.en
dc.identifier.doi10.3846/tede.2021.14585cs
dc.identifier.issn2029-4913cs
dc.identifier.orcid0000-0003-1764-0904cs
dc.identifier.orcid0000-0002-6882-1046cs
dc.identifier.other171688cs
dc.identifier.researcheridAAL-5760-2021cs
dc.identifier.researcheridGLR-2336-2022cs
dc.identifier.scopus36976830900cs
dc.identifier.scopus56067188800cs
dc.identifier.urihttp://hdl.handle.net/11012/200955
dc.language.isoencs
dc.publisherVilnius Gediminas Tech Univcs
dc.relation.ispartofTechnological and Economic Development of Economycs
dc.relation.urihttps://journals.vgtu.lt/index.php/TEDE/article/view/14585cs
dc.rightsCreative Commons Attribution 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/2029-4913/cs
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/cs
dc.subjectCovid-19en
dc.subjecteconomic impacten
dc.subjectGDPen
dc.subjectqualitative trend-based analysisen
dc.subjectmodelen
dc.subjectscenariosen
dc.titleThe Covid-19 Disease and Policy Response to Mitigate the Economic Impact in the EUen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-171688en
sync.item.dbtypeVAVen
sync.item.insts2025.02.03 15:43:03en
sync.item.modts2025.01.17 15:16:24en
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav ekonomikycs
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav informatikycs
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