A Method to Analyze the Sectoral Impact of Fiscal Support for COVID-19 Affected Economies: The Case of Oceania

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aut.relation.articlenumber101293en_NZ
aut.relation.journalMethodsXen_NZ
aut.relation.volume8en_NZ
aut.researcherSrivastava, Sadhana
dc.contributor.authorBadri Narayanan, Gen_NZ
dc.contributor.authorSen, Ren_NZ
dc.contributor.authorSrivastava, Sen_NZ
dc.contributor.authorMathur, Sen_NZ
dc.date.accessioned2021-03-15T22:53:06Z
dc.date.available2021-03-15T22:53:06Z
dc.date.copyright2021-03-15en_NZ
dc.date.issued2021-03-15en_NZ
dc.description.abstractIn this paper, we apply the method of computable general equilibrium (CGE) modeling in economics to ascertain how fiscal support measures such as wage subsidies, small business loans, and finance guarantee schemes have impacted at an economy-wide and sectoral level for 8 COVID-19 affected economies in Oceania. We model our scenarios based on IMF World economic outlook projections, combined with the fiscal stimulus packages offered to counter this global health pandemic's recessionary effect. Our study confirms that the adverse impact of COVID-19 on output is cushioned through a large fiscal stimulus package wherever offered. This package would still be inadequate to avoid unemployment and job losses in tourism and education services in Oceania, with continued support essential for their survival in 2021. • The approach entails steps (1) to (3), as outlined in the paper. • Future researchers will find this method useful in evaluating the adverse impact of not only COVID-19 but any other external shocks to the economy, either directly or indirectly, that involves fiscal support mechanisms.
dc.identifier.citationMethodsX, 101293.
dc.identifier.doi10.1016/j.mex.2021.101293en_NZ
dc.identifier.issn2215-0161en_NZ
dc.identifier.urihttps://hdl.handle.net/10292/14052
dc.publisherElsevieren_NZ
dc.relation.urihttps://doi.org/10.1016/j.mex.2021.101293en_NZ
dc.rights© 2021 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
dc.rights.accessrightsOpenAccessen_NZ
dc.subjectSectoral impact; COVID-19 pandemic; Fiscal stimulus; Oceania; New zealand; Pacific Islands
dc.titleA Method to Analyze the Sectoral Impact of Fiscal Support for COVID-19 Affected Economies: The Case of Oceaniaen_NZ
dc.typeJournal Article
pubs.elements-id398885
pubs.organisational-data/AUT
pubs.organisational-data/AUT/Faculty of Business, Economics and Law
pubs.organisational-data/AUT/Faculty of Business, Economics and Law/NZ Work Research Institute
pubs.organisational-data/AUT/Faculty of Business, Economics and Law/School of Economics
pubs.organisational-data/AUT/PBRF
pubs.organisational-data/AUT/PBRF/PBRF Business Economics and Law
pubs.organisational-data/AUT/PBRF/PBRF Business Economics and Law/Faculty Review Team PBRF 2018
pubs.organisational-data/AUT/PBRF/PBRF Business Economics and Law/School of Economics PBRF 2018
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