ECONOMUC IMPACT AND BUSINESS OUTPUT .pptx

ECONOMY

1. The Economic Impact of Lockdowns: A Persistent Inoperability Input-Output Approach Abstract The COVID -19 pandemic has forced governments around the world to implement unprecedented lockdowns, mandating businesses to shut down for extended periods of time. Previous studies have modeled the impact of disruptions to the economy at static and dynamic settings. This study develops a model to fulfil the need to account for the sustained disruption resulting from the extended shutdown of business operations. Using a persistent inoperability input-output model ( PIIM ), we are able to show that (1) sectors that suffer higher levels of inoperability during quarantine period may recover faster depending on their resilience; (2) initially unaffected sectors can suffer inoperability levels higher than directly affected sectors over time; (3) the economic impact on other regions not under lockdown is also significant. Significance of Research This research created a model to predict the impact of various degrees of lockdowns on different sectors of an economy. The results reveal how much each sector is affected and how much economic loss they suffer. Moreover, it demonstrated that inoperability can continue over time even when less strict lockdowns are implemented. This data are crucial in formulating recovery measures. For example, through this we can create strategies like extending employment assistance through enterprises to ensure post-pandemic job retention and optimizing stimulus packages across diverse sectors.

2. IMPACT OF INFLATION ON ECONOMIC GROWTH: A SURVEY OF LITERATURE REVIEW Abstract This paper aims to review the theoretical and empirical studies on the impact of inflation on economic growth. Our critical review shows that there is no consensus on the relationship between inflation and economic growth both in theoretical and empirical studies. The results mostly depend on the assumptions adopted in the study. Accordingly, the theoretical literature indicates that the inflation-growth nexus can be positive, negative or neutral. Also, the empirical findings are diversified based on the economic conditions, methodology employed, data used, nature of the study whether cross section, panel data or country specific, and time period of the study as well as the number of explanatory variables included in the model. Therefore, the empirical results have two models: linear and nonlinear relationships. Significance of Research This research paper presents empirical works and theoretical discussions on the impact of inflation to many countries. The results have shown that the relationship between economic growth and inflation remains controversial. This means that after comparing and studying the effects of inflation of many countries, the result varies. There is a positive, negative and a neutral correlation between both variables. It is significant because inflation happens on many countries and this research will serve as a guide or a reference when it comes to the topic of inflation and economic growth. It has great effects on the country’s economy thus being knowledgeable is important.