Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023)

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The Role of Government Actions in the Economic Recovery Process: International Evidence During Pandemic Period

Authors
Yuchen Chen1, *
1Mount Holyoke College, 50 College St, MA, 01075, South Hadley, USA
*Corresponding author. Email: chen233y@mtholyoke.edu
Corresponding Author
Yuchen Chen
Available Online 14 February 2024.
DOI
10.2991/978-94-6463-368-9_73How to use a DOI?
Keywords
international trade; Covid-19; government action; economic recovery
Abstract

This paper examines the role of government policy enforced during the pandemic in global economic indicators, such as foreign direct investment, exports, and imports. During the pandemic, the world economy has taken a hit and governments take action urgently to stabilize the economic situation. We mainly focus on data from seven large economic volume countries —— Australia, Brazil, Canada, China, India, the United Kingdom, and the United States.

Incorporating evidence from the data and models presented in this paper, this study demonstrates that government policies have different impacts on economic indicators. An increase in the stringency index and government response index leads to a decrease in foreign direct investment, exports, and imports. However, an increase in the containment and health index has the opposite effect, leading to an increase in foreign direct investment, exports, and imports.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
14 February 2024
ISBN
978-94-6463-368-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-368-9_73How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yuchen Chen
PY  - 2024
DA  - 2024/02/14
TI  - The Role of Government Actions in the Economic Recovery Process: International Evidence During Pandemic Period
BT  - Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023)
PB  - Atlantis Press
SP  - 614
EP  - 620
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-368-9_73
DO  - 10.2991/978-94-6463-368-9_73
ID  - Chen2024
ER  -