Sustainable Economy in Light of COVID-19
1. Introduction
2. Synthesis and Contributions
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- Contribution 1: Abd Aziz, N.A.; Hizam-Hanafiah, M.; Hasbollah, H.R.; Aziz, Z.A.; Hussin, N.S.N. Understanding the Survival Ability of Franchise Industries during the COVID-19 Crisis in Malaysia. Sustainability 2022, 14, 3212. https://doi.org/10.3390/su14063212.
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- Contribution 2: Vukovic, D.; Maiti, M.; Grubisic, Z.; Grigorieva, E.M.; Frömmel, M. COVID-19 Pandemic: Is the Crypto Market a Safe Haven? The Impact of the First Wave. Sustainability 2021, 13, 8578. https://doi.org/10.3390/su13158578.
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- Contribution 3: Kocaarslan, B.; Soytas, U. The Asymmetric Impact of Funding Liquidity Risk on the Volatility of Stock Portfolios during the COVID-19 Crisis. Sustainability 2021, 13, 2286. https://doi.org/10.3390/su13042286.
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- Contribution 4: Oncioiu, I.; Duca, I.; Postole, M.A.; Georgescu, G.C.; Gherghina, R.; Grecu, R.-A. Transforming the COVID-19 Threat into an Opportunity: The Pandemic as a Stage to the Sustainable Economy. Sustainability 2021, 13, 2088. https://doi.org/10.3390/su13042088.
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- Contribution 5: Gusheva, E.; de Gooyert, V. Can We Have Our Cake and Eat It? A Review of the Debate on Green Recovery from the COVID-19 Crisis. Sustainability 2021, 13, 874. https://doi.org/10.3390/su13020874.
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- Contribution 6: Turnea, E.-S.; Neștian, Ș.A.; Tiță, S.M.; Vodă, A.I.; Guță, A.L. Dismissals and Temporary Leaves in Romanian Companies in the Context of Low Demand and Cash Flow Problems during the COVID-19 Economic Lockdown. Sustainability 2020, 12, 8850. https://doi.org/10.3390/su12218850.
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- Contribution 7: Engelhardt, N.; Krause, M.; Neukirchen, D.; Posch, P. What Drives Stocks during the Corona-Crash? News Attention vs. Rational Expectation. Sustainability 2020, 12, 5014. https://doi.org/10.3390/su12125014.
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- Contribution 8 (corrigendum): Vukovic, D.; Maiti, M.; Grubisic, Z.; Grigorieva, E.M.; Frömmel, M. Correction: Vukovic et al. COVID-19 Pandemic: Is the Crypto Market a Safe Haven? The Impact of the First Wave. Sustainability 2021, 13, 8578. Sustainability 2021, 13, 12484. https://doi.org/10.3390/su132212484.
3. Future Directions
- The global economy has adapted to new conditions during the COVID-19 pandemic. We emphasize that the digitalization of the economy that occurred as a result of COVID-19 restrictions should be used to our advantage [3]. Before the COVID-19 pandemic, numerous studies had attempted to analyze the impact of crisis on financial markets [4,5] and forecast possible consequences [6]. The current pandemic has motivated many scholars to analyze new models and their applications;
- Secondly, the COVID-19 crisis has illustrated the multidimensional relationship between nature, people, and social norms. This has demonstrated the strong nexus between green economy, sustainable economy, sustainable food production, the energy sectors and markets, inclusive (online) education, digital business and economy, lower gas emission, etc. For example, the nexus between the level of economic development and carbon price demonstrated a short-term negative correlation during the COVID-19 pandemic;
- Lastly, governments have adopted new strategies to implement sustainable economic recovery plans to generate economic growth. These plans relate to concerns of the UN 2030 sustainable chain development agenda, such as digital environments and the economy, business, education, and labor, lower carbon emissions, rational food production, and many other issues related to the aftermath of COVID-19. Implementing these strategies will be challenging and costly. The transmission outcomes of these new policies should be identified and improved, with strong support from the government to create green industries and sustainable economies. This research direction will strongly influence future legislative and institutional changes and support.
Author Contributions
Funding
Acknowledgments
Conflicts of Interest
References
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Research Area | Focus | Studies |
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Economy | Macroeconomy | Oncioiu et al. 2021 (Contribution 4) Gusheva and Gooyert 2021 (Contribution 5) |
Sustainable economy | ||
Greenhouse gas emissions Green economy | ||
Finance | Financial markets | Contributions 2, 3, and 7 |
The crypto market Portfolio selection and stock markets | Vukovic et al. 2021 (Contribution 2) Kocaarslan and Soytas 2021 (Contribution 3), Engelhardt et al. 2020 (Contribution 7) | |
Business and Management | Industry analysis | Abd Aziz et al. 2021 (Contribution 1) |
Corporate management | Turnea et al. 2020 (Contribution 6) |
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Vukovic, D.; Maiti, M.; Frömmel, M. Sustainable Economy in Light of COVID-19. Sustainability 2022, 14, 5363. https://doi.org/10.3390/su14095363
Vukovic D, Maiti M, Frömmel M. Sustainable Economy in Light of COVID-19. Sustainability. 2022; 14(9):5363. https://doi.org/10.3390/su14095363
Chicago/Turabian StyleVukovic, Darko, Moinak Maiti, and Michael Frömmel. 2022. "Sustainable Economy in Light of COVID-19" Sustainability 14, no. 9: 5363. https://doi.org/10.3390/su14095363