Time-varying impact of pandemics on global output growth

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dc.contributor.authorGupta, Rangan
dc.contributor.authorSheng, Xin
dc.contributor.authorBalcilar, Mehmet
dc.contributor.authorJi, Qiang
dc.date.accessioned2026-02-06T18:38:10Z
dc.date.issued2021
dc.departmentDoğu Akdeniz Üniversitesi
dc.description.abstractThis 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.
dc.description.sponsorshipNational Natural Science Foundation of China [72022020, 71974181, 71774152]; Youth Innovation Promotion Association of Chinese Academy of Sciences [Y7 x 0231505]
dc.description.sponsorshipSupports from the National Natural Science Foundation of China under Grant No. 72022020, 71974181, 71774152, and Youth Innovation Promotion Association of Chinese Academy of Sciences (Grant: Y7 x 0231505) are acknowledged.
dc.identifier.doi10.1016/j.frl.2020.101823
dc.identifier.issn1544-6123
dc.identifier.issn1544-6131
dc.identifier.orcid0000-0001-9694-5196
dc.identifier.orcid0000-0002-6499-0838
dc.identifier.orcid0000-0002-3502-5254
dc.identifier.scopus2-s2.0-85096404775
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.frl.2020.101823
dc.identifier.urihttps://hdl.handle.net/11129/12797
dc.identifier.volume41
dc.identifier.wosWOS:000663415300050
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherAcademic Press Inc Elsevier Science
dc.relation.ispartofFinance Research Letters
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WoS_20260204
dc.subjectPandemics
dc.subjectUncertainty Output growth TVP-SVAR
dc.titleTime-varying impact of pandemics on global output growth
dc.typeArticle

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