What Implications Does COVID-19 Have on Sustainable Economic Development in the Medium and Long Terms?

Shiyi Chen ()
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Shiyi Chen: School of Economics and Fanhai International School of Finance, Fudan University, Shanghai 200433, China

Frontiers of Economics in China-Selected Publications from Chinese Universities, 2020, vol. 15, issue 3, 380-395

Abstract: Given the enormous impact that the COVID-19 pandemic had on China’s economy, helping companies to revitalize post-pandemic economic activities promptly is a priority for the whole society. This necessitates the smooth circulation of production-factors among different economic entities, departments, and regions. The pandemic’s huge impact on the economy is evident in the severely hampered flow of these factors, including labor, materials, and capital. Therefore, using data and digital technology, combined with a contact-free allocation of labor, capital, and materials, to accelerate the flow of production-factors is critical to the post-pandemic economy’s restoration. Such a policy can not only provide a short-term stimulus but also a momentum for China’s mid- and long-term sustainable economic development.

Keywords: COVID-19 outbreak; factors of production; data; sustainable development (search for similar items in EconPapers)
JEL-codes: D24 I18 O10 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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