The nCOVID‑19 and fnancial stress in the USA: health is wealth

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dc.authoridhttps://orcid.org/0000-0001-5355-3707en_US
dc.authoridhttps://orcid.org/0000-0001-5035-5983en_US
dc.contributor.authorAlola, Andrew Adewale
dc.contributor.authorAlola, Uju Violet
dc.contributor.authorSarkodie, Samuel Asumadu
dc.date.accessioned2023-09-24T06:37:37Z
dc.date.available2023-09-24T06:37:37Z
dc.date.issued2021en_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.description.abstractSince its frst report in the USA on 13 January 2020, the novel coronavirus (nCOVID-19) pandemic like in other previous epicentres in India, Brazil, China, Italy, Spain, UK, and France has until now hampered economic activities and fnancial markets. To ofer one of the frst empirical insights into the economic/fnancial efect of the COVID-19 pandemic, especially in the USA, this study utilized the daily frequency data for the period 25 February 2020–30 March 2020. By employing the empirical Markov switching regression approach and the compliments of cointegration techniques, the study establishes a twostate (stable and distressing) fnancial stress situation resulting from the efects of COVID19 daily deaths, COVID-19 daily recovery, and the USA’ economic policy uncertainty. From the result, it is assertive that daily recovery from COVID-19 eases fnancial stress, while the reported daily deaths from COVID-19 further hamper fnancial stress in the country. Moreover, the uncertainty of the USA’ economic policy has also cost the Americans more fnancial stress and other socio-economic challenges. While the cure for COVID-19 remains elusive, as a policy instrument, the USA and similar countries with high severity of COVID-19 causalities may intensify and sustain the concerted eforts targeted at attaining a landmark recovery rate.en_US
dc.identifier.doi10.1007/s10668-020-01029-wen_US
dc.identifier.endpage9378en_US
dc.identifier.issn1387-585X
dc.identifier.issn1573-2975
dc.identifier.issue6en_US
dc.identifier.pmid33052193en_US
dc.identifier.scopus2-s2.0-85092365358en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage9367en_US
dc.identifier.urihttps://hdl.handle.net/11363/5637
dc.identifier.urihttps://doi.org/
dc.identifier.volume23en_US
dc.identifier.wosWOS:000576395400001en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakPubMeden_US
dc.institutionauthorAlola, Andrew Adewale
dc.institutionauthorAlola, Uju Violet
dc.language.isoenen_US
dc.publisherSPRINGER, VAN GODEWIJCKSTRAAT 30, 3311 GZ DORDRECHT, NETHERLANDSen_US
dc.relation.ispartofEnvironment, Development and Sustainabilityen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectCOVID-19 pandemicen_US
dc.subjectDaily deathsen_US
dc.subjectDaily recoveriesen_US
dc.subjectEconomic uncertaintyen_US
dc.subjectFinancial stressen_US
dc.subjectUSAen_US
dc.titleThe nCOVID‑19 and fnancial stress in the USA: health is wealthen_US
dc.typeArticleen_US

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