Coronavirus Economic Effects on the Seven Largest Advanced Economies in the World (G7)
The widespread permeation of the Coronavirus (COVID-19) requires that the public immediately assess the possible unintended consequences it has on global markets. COVID-19 presents unfavorable and dangerous implications on supply and demand, causing a market shock on the economy and creating the shutdown of business and restrictions of travel. These harmful effects would eventually produce an unintended consequence of an international spillover. This study aims to analyze the responses of global stock prices since the COVID-19 outbreak. To demonstrate the results, the researchers utilized an enhanced event study methodology to examine the relationship between the Group of 7, or G7, (United States, France, Canada, Japan, Italy, Germany, and United Kingdom) stock markets and their responses to rapid exposure of the pandemic. Furthermore, this analysis compared and differentiated global stock prices before the presence of COVID-19 to newer global stock prices during the COVID-19 pandemic to assess the risk exporter of the G7 countries. The study concludes that each stock market of the G7 countries is experiencing distress and uncertainty due to the COVID-19 pandemic. These results are sourced from the substantial statistical differences between the global stock prices in the absence of the COVID-19 pandemic and the presence of the viral outbreak. Based on the conclusions, the study advocates for the modernization of old supply chains and the usage of modern regulations to resume production operations
Year of publication: |
[2021]
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Authors: | Aldawsari, Hamad ; Alnagada, Abdulrahman |
Publisher: |
[S.l.] : SSRN |
Subject: | Industrieländer | Industrialized countries | Coronavirus | Wirkungsanalyse | Impact assessment | Welt | World |
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