Advances in Economics, Management and Political Sciences

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Proceedings of the 2022 International Conference on Financial Technology and Business Analysis (ICFTBA 2022), Part 2

Series Vol. 6 , 27 April 2023


Open Access | Article

Research on the Effect of COVID-19 on the Real Economy

Peilin Wang * 1
1 Denison University, Granville, Ohio,43023, United States

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 6, 49-53
Published 27 April 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Peilin Wang. Research on the Effect of COVID-19 on the Real Economy. AEMPS (2023) Vol. 6: 49-53. DOI: 10.54254/2754-1169/6/20220143.

Abstract

In 2020, COVID-19 spread across the country, which had a huge impact on people's lives. In order to control the continued spread of the epidemic, the country has adopted a policy of production, suspension of work, and home quarantine, thus reducing the movement and contact of people. The emergence of COVID-19 has had a huge negative impact on China's current economy, especially the real economy. In this article, we will discuss the impact of the emergence of COVID-19 on China's real economy and how we should respond to it in order to promote social progress and support the country's economic development.

Keywords

Sudden Public Events, Real Economy, Opportunities and Challenges, COVID-19

References

1. Dev, S. M., & Sengupta, R. (2020). Covid-19: Impact on the Indian economy. Indira Gandhi Institute of Development Research, Mumbai April.

2. Makris, M. (2020). Covid and social distancing with a heterogenous population. School of Economics Discussion Paper No. 2002. University of Kent. Retrieved from https://www.kent.ac.uk/economics/repec/2002.pdf

3. Clemens, J., & Veuger, S. (2020). Implications of the Covid-19 Pandemic for State Government Tax Revenues. National Tax Journal. 73(3), 619–644. https://doi.org/10.17310/ntj.2020.3.01

4. Aksoy, C. G., Eichengreen, B., & Saka, O. (2020). The political scar of epidemics. IZA Discussion Paper No. 13351. Institute of Labor Economics, Bonn, Germany.

5. Carlsson-Szlezak, P., Reeves, M., & Swartz, P. (2020b). What coronavirus could Mea `1n for the global economy. Harvard Business Review. Retrieved from https://hbr.org/2020/03/what-coronavirus-could-mean-for-the-global-economy

6. Gourinchas, P.-O. (2020). Flattening the pandemic and recession curves. Mitigating the COVID Economic Crisis: Act Fast and Do Whatever. Retrieved from http://viet-studies.net/kinhte/COVIDEconomicCrisis.pdf#page=38

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2022 International Conference on Financial Technology and Business Analysis (ICFTBA 2022), Part 2
ISBN (Print)
978-1-915371-23-2
ISBN (Online)
978-1-915371-24-9
Published Date
27 April 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/6/20220143
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated