Gupta_et_al_2020.docx (218.96 kB)
Time-varying impact of pandemics on global output growth
journal contribution
posted on 2023-08-30, 17:50 authored by Rangan Gupta, Xin Sheng, Mehmet Balcilar, Qiang JiThis paper analyses the dynamic impact of uncertainty due to global pandemics (SARS, H5N1, H1N1, MERS, Ebola, and COVID-19) on global output growth, using a TVP-SVAR model. We find that the negative effect of the coronavirus on the growth rate of output is unprecedented, with the emerging markets being the worst hit. We also find that since 2016, the comovement among the growth rates has increased significantly. Our results imply that policymakers would need to undertake massive expansionary policies, but it is also important to pursue well-coordinated policy decisions across the economic blocs.
History
Refereed
- Yes
Volume
41Page range
101823Publication title
Finance Research LettersISSN
1544-6123External DOI
Publisher
ElsevierFile version
- Accepted version
Language
- eng
Official URL
Legacy posted date
2020-11-06Legacy creation date
2020-11-06Legacy Faculty/School/Department
COVID-19 Research CollectionUsage metrics
Categories
No categories selectedLicence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC