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Perceived economic prospects during the early stage of COVID‐19 breakout.

Authors :
Li, Keyang
Qin, Yu
Wu, Jing
Yan, Jubo
Source :
Contemporary Economic Policy; Oct2023, Vol. 41 Issue 4, p696-713, 18p
Publication Year :
2023

Abstract

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. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
10743529
Volume :
41
Issue :
4
Database :
Complementary Index
Journal :
Contemporary Economic Policy
Publication Type :
Academic Journal
Accession number :
171313087
Full Text :
https://doi.org/10.1111/coep.12616