Perceived economic prospects during the early stage of COVID-19 breakout

Perceived economic prospects during the early stage of COVID-19 breakout

How does a new epidemic affect individuals' expectations on economic prospects in the early stage of the breakout? We implemented an incentivized longitudinal online survey soon after the outbreak of the coronavirus disease 2019 (COVID-19) epidemic in China to answer this question. Results show...

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Main Authors: Li, Keyang, Qin, Yu, Wu, Jing, Yan, Jubo
Other Authors: School of Social Sciences
Format: Article
Language:English
Published: 2023
Subjects:
Social sciences::Economic theory
COVID‐19
Expectation
Online Access:https://hdl.handle.net/10356/170263
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Institution: Nanyang Technological University
Language: English
id sg-ntu-dr.10356-170263
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spelling sg-ntu-dr.10356-1702632023-09-05T04:57:21Z Perceived economic prospects during the early stage of COVID-19 breakout Li, Keyang Qin, Yu Wu, Jing Yan, Jubo School of Social Sciences Social sciences::Economic theory COVID‐19 Expectation How does a new epidemic affect individuals' expectations on economic prospects in the early stage of the breakout? We implemented an incentivized longitudinal online survey soon after the outbreak of the coronavirus disease 2019 (COVID-19) epidemic in China to answer this question. Results show that fewer new confirmed COVID-19 cases significantly increase individuals' expectations on gross domestic product and consumer price index growth rates. Our finding provides evidence that at the early stage of an unfamiliar epidemic, containing the spread of the disease may help to maintain positive economic expectations among individuals. Ministry of Education (MOE) Nanyang Technological University Wu thanks National Natural Science Foundation of China (No. 71373006 and 91546113) for financial support. Yan thanks Nanyang Technological University (NTU), Start Up Grant for financial support. Yan also thanks the Ministry of Education of Singapore (MOE) Tier 1 Grant (RG84/47) and CoHASS Research Support Grant for financial support. 2023-09-05T04:55:33Z 2023-09-05T04:55:33Z 2023 Journal Article Li, K., Qin, Y., Wu, J. & Yan, J. (2023). Perceived economic prospects during the early stage of COVID-19 breakout. Contemporary Economic Policy, 41(4), 696-713. https://dx.doi.org/10.1111/coep.12616 1074-3529 https://hdl.handle.net/10356/170263 10.1111/coep.12616 2-s2.0-85161453034 4 41 696 713 en RG84/17 NTU-SUG Contemporary Economic Policy © 2023 Western Economic Association International. All rights reserved.
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic Social sciences::Economic theory
COVID‐19
Expectation
spellingShingle Social sciences::Economic theory
COVID‐19
Expectation
Li, Keyang
Qin, Yu
Wu, Jing
Yan, Jubo
Perceived economic prospects during the early stage of COVID-19 breakout
description How does a new epidemic affect individuals' expectations on economic prospects in the early stage of the breakout? We implemented an incentivized longitudinal online survey soon after the outbreak of the coronavirus disease 2019 (COVID-19) epidemic in China to answer this question. Results show that fewer new confirmed COVID-19 cases significantly increase individuals' expectations on gross domestic product and consumer price index growth rates. Our finding provides evidence that at the early stage of an unfamiliar epidemic, containing the spread of the disease may help to maintain positive economic expectations among individuals.
author2 School of Social Sciences
author_facet School of Social Sciences
Li, Keyang
Qin, Yu
Wu, Jing
Yan, Jubo
format Article
author Li, Keyang
Qin, Yu
Wu, Jing
Yan, Jubo
author_sort Li, Keyang
title Perceived economic prospects during the early stage of COVID-19 breakout
title_short Perceived economic prospects during the early stage of COVID-19 breakout
title_full Perceived economic prospects during the early stage of COVID-19 breakout
title_fullStr Perceived economic prospects during the early stage of COVID-19 breakout
title_full_unstemmed Perceived economic prospects during the early stage of COVID-19 breakout
title_sort perceived economic prospects during the early stage of covid-19 breakout
publishDate 2023
url https://hdl.handle.net/10356/170263
_version_ 1779156722029428736

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