Armin Kovaฤi – University of Modern Sciences-CKM, Mostar, Zalik bb, Mostar, Bosnia and Herzegovina
Keywords:
Business indicators;
Stringency measures;
Business policy
Abstract: The global pandemic had a big effect on business and the econยญomy overall. Affected by the fear of the spreading virus, many countries imยญplemented stringency measures. These measures additionally affected the level of business activities. The main objective of this study was to research and analyze the business effects of COVID-19 measures at the level of the European Union. Business indicators included business investment rate, the gross profit share of non-financial corporations, assets of non-financial corยญporations as a percentage of GDP, economic sentiment indicator, producยญtion in construction, production in industry, and the volume of retail trade (monthly data, percentage change on previous period). The main indicator used to show the level of stringency measures was the COVID-19 Stringenยญcy Index. Results showed a high correlation between stringency measures and business investment rate, assets of non-financial corporations, producยญtion in industry, production in construction and volume of retail trade. Some of these results could be under the influence of the European Unionโs long-term budget, coupled with NextGenerationEU.
Download full paper
7th International Scientific Conference – EMAN 2023 – Economics and Management: How to Cope With Disrupted Times, Ljubljana, Slovenia, March 23, 2023, CONFERENCE PROCEEDINGS, published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-69-1, ISSN 2683-4510, DOI: https://doi.org/10.31410/EMAN.2023
Creative Commons Nonย Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.ย
Fabbrini, F. (2022). The Legal Architecture of the Economic Responses to COVID-19: EMU beยญyond the Pandemic*. JCMS: Journal of Common Market Studies, 60(1), 186-203. https://doi.org/10.1111/jcms.13271ย ย
https://ec.europa.eu/eurostat/web/covid-19/dataย
https://ec.europa.eu/info/strategy/recovery-plan-europe_enย
https://ourworldindata.org/coronavirusย
Kolahchi, Z., De Domenico, M., Uddin, L. Q., Cauda, V., Grossmann, I., Lacasa, L., Granciยญni, G., Mahmoudi, M., & Rezaei, N. (2021). COVID-19 and Its Global Economยญic Impact. Advances in Experimental Medicine and Biology, 825-837. https://doi.org/10.1007/978-3-030-63761-3_46ย ย
Levy, E., & Filipini, F. Y. (2021). Social and economic impact of COVID-19, BROOKINGS GLOBAL WORKING PAPER #158
Additional reading
Ritchie, H., Mathieu, E., Rodรฉs-Guirao, L., Appel, C., Giattino, C., Ortiz-Ospina, E., Hasell, J., Macdonald, B., Beltekian, D., & Roser, M. (2020). Coronavirus Pandemic (COVID-19). Published online at OurWorldInData.org.
