Perceived economic prospects during the early stage of COVID‐19 breakout-Reference-Cited by-同舟云学术

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

Published:2023-06-03 Issue:4 Volume:41 Page:696-713
ISSN:1074-3529
Container-title:Contemporary Economic Policy
language:en
Short-container-title:Contemporary Economic Policy

Author:

Li Keyang¹,Qin Yu²,Wu Jing³,Yan Jubo⁴^ORCID

Affiliation:

1. School of International Trade and Economics University of International Business and Economics Beijing China

2. NUS Business School National University of Singapore Singapore Singapore

3. Hang Lung Center for Real Estate and Department of Construction Management Tsinghua University Beijing China

4. School of Social Sciences Nanyang Technological University Singapore Singapore

Abstract

AbstractHow 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.

Funder

National Natural Science Foundation of China

Ministry of Education - Singapore

Publisher

Wiley

Subject

Public Administration,Economics and Econometrics,General Business, Management and Accounting

Link

https://onlinelibrary.wiley.com/doi/pdf/10.1111/coep.12616

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