Economics after the COVID-19

A special issue of Economies (ISSN 2227-7099).

Deadline for manuscript submissions: 30 April 2024 | Viewed by 7307

Special Issue Editor


E-Mail Website
Guest Editor
Department of Labour Market and Social Policies, National Institute for Public Policies Analysis (INAPP), 00198 Rome, Italy
Interests: applied econometrics (esp. semi-parametric and non-parametric models, counterfactual decomposition methods); labour economics; sustainable growth; national and international income distribution; regional and cohesion policies; gender economics; human capital and technology; policy evaluation; future of work; returns of education

Special Issue Information

Dear Colleagues,

The crisis caused by the COVID-19 pandemic has continued to rage worldwide, and the situation appears unlikely to improve in the short term, causing possible structural effects on the economy in many countries. The pandemic has hit all economies of the world, with serious short- and long-run impacts on the labour market. Governments have adopted different measures to fight the negative effects of crisis: by shutting down the activities of non-essential services, by increasing the share of jobs that can be done remotely and by using a combination of family income support and credit facilities for firms. In particular, the current crisis has forced many companies to make massive use of working from home policies (WFH) and some to consider a ‘new normal’ way of working as a future challenge. The economic effects of the pandemic are still undetermined. The first estimates indicate an order of magnitude in the fall in world GDP twice that of the 2008 crises and a very serious impact on employment. In this context, what has the impact of the COVID-19 pandemic been on the economy? This Special Issue aims to answer this question by publishing high quality research related to the economic, social, finance, policy, and management dimensions of the COVID-19 crisis. Regular papers, short notes and survey articles are of invited.

Dr. Sergio Scicchitano
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Economies is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1800 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • COVID-19 pandemic and labour market
  • COVID-19 and financial sector
  • economic and social consequences of COVID-19 crisis
  • working from home (WFH) practices
  • the trade-off between economic and health measures
  • the effect of the pandemic on the environment and CO2 emissions
  • the role of central banks, and international institutions
  • cities after the pandemic
  • hybrid work and co-working spaces
  • pandemic and technologies
  • the future of work after COVID-19

Published Papers (5 papers)

Order results
Result details
Select all
Export citation of selected articles as:

Research

18 pages, 512 KiB  
Article
Assessing the Impact of COVID-19 on Capital Structure Dynamics: Evidence from GCC Economies
by Amanj Mohamed Ahmed, Deni Pandu Nugraha and István Hágen
Economies 2024, 12(5), 103; https://0-doi-org.brum.beds.ac.uk/10.3390/economies12050103 (registering DOI) - 26 Apr 2024
Viewed by 120
Abstract
This study seeks to investigate the potential effects of the recent pandemic (COVID-19) on capital structure dynamics. The Gulf Cooperation Council (GCC) is a fascinating topic for this study because of its distinct economic characteristics. The analysis draws upon a cross-country dataset covering [...] Read more.
This study seeks to investigate the potential effects of the recent pandemic (COVID-19) on capital structure dynamics. The Gulf Cooperation Council (GCC) is a fascinating topic for this study because of its distinct economic characteristics. The analysis draws upon a cross-country dataset covering 208 non-financial listed firms across five GCC countries, with data spanning the years 2010 to 2022. Capital structure is a dependent variable and is measured by total debt to equity, equity multiplier, and short-term debt ratios, while the COVID-19 pandemic, firm size growth, return on assets, tangibility, and growth were applied as independent variables. Using the generalized least squares (GLS) method, findings demonstrated that COVID-19 has a significant and positive influence on debt-to-equity and equity multiplier ratios but a negative one on short-term debt ratio. Thus, non-financial firms increased their debt financing and transferred debt from short-term to long-term funding. In addition, firm-specific factors, such as firm size, tangibility, and macroeconomic factors, such as GDP growth, positively and significantly impact capital financing. Conversely, profitability has a negative relationship with financial leverage. There is a lack of empirical research on how COVID-19 affects the financial structure of non-financial listed companies in GCC nations. Consequently, by filling the previously specified gaps, this study provides proof to support the idea of using debt financing to raise capital for economic recovery. GCC policymakers need to give priority to ensuring that firms have convenient access to inexpensive finance in light of the financial consequences caused by COVID-19. This will guarantee that companies have the resources necessary to bounce back and support economic growth. Full article
(This article belongs to the Special Issue Economics after the COVID-19)
15 pages, 954 KiB  
Article
The Impact of the COVID-19 Pandemic on the Economy of the Slovak Republic
by Anna Tomková, Jaroslav Gonos, Katarína Čulková and Martin Rovňák
Economies 2024, 12(2), 27; https://0-doi-org.brum.beds.ac.uk/10.3390/economies12020027 - 23 Jan 2024
Viewed by 1358
Abstract
The main goal of this contribution is to assess the development of the economic condition of the Slovak Republic in the context of the impacts of the COVID-19 pandemic. The situation regarding the development of and changes in the economic condition of Slovakia [...] Read more.
The main goal of this contribution is to assess the development of the economic condition of the Slovak Republic in the context of the impacts of the COVID-19 pandemic. The situation regarding the development of and changes in the economic condition of Slovakia is compared with that in selected EU countries, considering the effects of previous global crises, with a focus on the impacts on small and medium-sized enterprises. The economies of European countries are mentioned to illustrate the ideas of the presented paper, with an emphasis on the economic dimension of the COVID-19 pandemic and its subsequent impact on the Slovak Republic. This research is conducted through basic analytical tools and an analysis of the development of macroeconomic indicators, and by addressing the issue through data from a globally available database. The results in this paper serve as proposals and recommendations for the mitigation of negative economic impacts. Full article
(This article belongs to the Special Issue Economics after the COVID-19)
Show Figures

Figure 1

22 pages, 4938 KiB  
Article
Economic Shocks and Perceptions of Efficiency Changes: The Cases of Lithuania and Latvia
by Rasa Subačienė, Ramunė Budrionytė, Jolanta Žemgulienė, Ivita Faituša and Kristina Rudžionienė
Economies 2024, 12(1), 14; https://0-doi-org.brum.beds.ac.uk/10.3390/economies12010014 - 04 Jan 2024
Viewed by 1687
Abstract
In recent years, economic uncertainty has been heightened, including as a result of the economic shocks generated by the COVID-19 pandemic, the Russia–Ukraine War, and the unstable international political situation. These had a global impact on various spheres and influenced all economic processes. [...] Read more.
In recent years, economic uncertainty has been heightened, including as a result of the economic shocks generated by the COVID-19 pandemic, the Russia–Ukraine War, and the unstable international political situation. These had a global impact on various spheres and influenced all economic processes. However, the lack of available data has made it difficult to investigate the latest global events and their consequences. The latest studies continue to concentrate on the COVID-19 economic crisis. This study investigates accounting specialists’ perceptions of the changes in employee and company efficiency and changes in the main performance indicators during the economic crisis provoked by the COVID-19 pandemic. The research employed an online questionnaire administered to accountants at various levels. Descriptive statistical data analysis methods were used for the evaluation of the survey results. The results show that 86% of respondents had the possibility of working online before the quarantine period, around 30% of respondents indicated an increase in work efficiency when working online, and more than 40% of respondents indicated that the company’s main performance indicators (revenue, cost of sales, profit) remained stable under the quarantine regime. During the pandemic, Latvia experienced greater fluctuations than Lithuania in the main performance indicators, but overall, both countries maintained a positive tendency toward stability and recovery. Full article
(This article belongs to the Special Issue Economics after the COVID-19)
Show Figures

Figure 1

19 pages, 1735 KiB  
Article
EU Diversity in Terms of Digitalization on the Labor Market in the Post-COVID-19 Context
by Georgiana-Alina Crisan, Madalina Ecaterina Popescu, Eva Militaru and Amalia Cristescu
Economies 2023, 11(12), 293; https://0-doi-org.brum.beds.ac.uk/10.3390/economies11120293 - 01 Dec 2023
Viewed by 1633
Abstract
Digital technologies are being integrated into everyday life worldwide, constantly transforming our society and labor markets. The EU requires digitally smart people in the labor market and has promoted this through the Digital Agenda. In this context, our paper aims to investigate the [...] Read more.
Digital technologies are being integrated into everyday life worldwide, constantly transforming our society and labor markets. The EU requires digitally smart people in the labor market and has promoted this through the Digital Agenda. In this context, our paper aims to investigate the diversity of the EU member states in terms of the digitalization of the labor market in the post-pandemic context. Using a multidimensional perspective, we considered indicators reflecting not only labor market specificities but also the degree of digitalization and the impact of the COVID-19 pandemic. First, the strength of the association between digitalization and the labor market indicators was quantified through a Pearson test, while the cluster analysis highlighted some patterns for the high-tech EU economies compared to the medium- and low-tech EU economies. Among the high-tech economies cluster, Finland stands out as the frontrunner in the EU’s digital transformation, with the most digitally skilled workers. At the opposite pole are the South-Eastern countries, which have the most to do to recover and still lack an effective digital policy framework to support youth workers’ access to digital training. The practical implications of our study consist mostly of providing decision-makers with directions on issues to tackle when implementing EU digital policies. Full article
(This article belongs to the Special Issue Economics after the COVID-19)
Show Figures

Figure 1

29 pages, 8360 KiB  
Article
A Bibliometric Analysis of Collective Bargaining: The Future of Labour Relations after the COVID-19 Pandemic
by Ramón Rueda-López, María F. Muñoz-Doyague, Jaime Aja-Valle and María J. Vázquez-García
Economies 2023, 11(11), 275; https://0-doi-org.brum.beds.ac.uk/10.3390/economies11110275 - 03 Nov 2023
Viewed by 1603
Abstract
This research presents a bibliometric analysis of the scientific literature on collective bargaining between 2012 and 2021. The main objective of this research is to analyze how scientific research on collective bargaining has evolved during this period and to identify current trends and [...] Read more.
This research presents a bibliometric analysis of the scientific literature on collective bargaining between 2012 and 2021. The main objective of this research is to analyze how scientific research on collective bargaining has evolved during this period and to identify current trends and future lines of research on the institution of governance of labor relations. For this purpose, 1676 documents collected in the Web of Science Core Collection and 1971 in Scopus have been analyzed. This analysis has made it possible to determine which have been the scientific papers with the greatest impact, the most relevant researchers, and the most used keywords. As a contribution, note the classification made in relation to which are the most relevant scientific journals, the most cited papers, or the most influential researchers in the field of collective bargaining. As conclusions and future lines of research identified, this research points out the need to delve into studies related to the promotion of dialogue between human resources management and the legal representation of workers about working conditions that positively affect workplace well-being, as well as investigations related to the power and legitimacy of negotiation by social and economic agents. Full article
(This article belongs to the Special Issue Economics after the COVID-19)
Show Figures

Figure 1

Back to TopTop