The role of fiscal stimulus packages in addressing economic conditions during the Covid-19 pandemic
2021, Volume 40, Issue 132, Pages 344-362
AbstractThis research aims to analyze the role of financial stimulus packages in influencing economic conditions during the COVID-19 pandemic, through some financial policies taken by the research sample countries to address the economic conditions in light of the COVID-19 pandemic. The research included all countries within the classifications of the International Monetary Fund into three groups classified according to their financial and economic capabilities for the year 2020. The multi-sectional regression model was used to measure the effect of the explanatory variables that represent financial stimulus packages (the volume of grants and subsidies, the volume of public spending, the volume of public debt excluding health spending, the volume of lost revenues) as percentages of GDP on the approved variables represented by the expressive poverty and unemployment rate. On the economic conditions, and through what the analysis showed from the acceptance of the research hypotheses that stipulate the significance of the relationship, whether it was negative or positive between the interpreted and approved variables, as the interpreted variables varied in their impact on the approved variables, and the main results of the research indicated that the financial stimulus packages had an impact Positive in the variables of economic conditions in light of the COVID-19 pandemic in some countries of the research sample in the opposite of other countries, depending on the financial and economic capabilities of countries.
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