THE IMPACT OF PANDEMIC DOWNTURN EXPOSURE ON ECONOMIC GROWTH

Domicián Máté and Vahid Zeynvand Lorestani
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Vahid Zeynvand Lorestani: University of Debrecen, Hungary, Ihrig Károly Doctoral School

CrossCultural Management Journal, 2021, issue 2, 191-198

Abstract: Sustainable Development Goals (SDGs) promote a vision of a fairer, more prosperous, peaceful and sustainable growth. However, few previous studies have examined and predicted the complex socio-economic impacts of global pandemic recovery and taken SDGs into account. The primary goal of this study is to gain novel insights into whether SDGs can be implemented by exploring the interrelationships between the different dimensions of economic risks and development stages. A cross-country comparative framework was used, and the datasets were published by SolAbility Sustainable Intelligence, the World Bank, for 2019-2020. An OLS regression is applied to compute the links between economic growth and downturn exposure issues. The results suggest that (a) the ex-post economic growth is controversially related to the level of income stages, (b) the increase in the economic downturn will decrease economic growth per annum. The practical implication of the study is that policymakers need to emphasise the impacts of economic fallouts exposure to support structural reforms.

Keywords: Sustainable development goals; COVID-19; Economic downturn; Pandemic recovery (search for similar items in EconPapers)
JEL-codes: C54 Q10 Q40 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:journl:y:2021:i:2:p:191-198

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