The Effect of Covid-19 on Economic Growth: Cross-Country Determinants
| Název práce v češtině: | Dopady koronaviru na ekonomický růst: mezinárodní determinanty |
|---|---|
| Název v anglickém jazyce: | The Effect of Covid-19 on Economic Growth: Cross-Country Determinants |
| Akademický rok vypsání: | 2019/2020 |
| Typ práce: | bakalářská práce |
| Jazyk práce: | angličtina |
| Ústav: | Institut ekonomických studií (23-IES) |
| Vedoucí / školitel: | prof. PhDr. Tomáš Havránek, Ph.D. |
| Řešitel: | skrytý - zadáno vedoucím/školitelem |
| Datum přihlášení: | 30.04.2020 |
| Datum zadání: | 30.04.2020 |
| Datum a čas obhajoby: | 10.06.2020 09:00 |
| Datum odevzdání elektronické podoby: | 07.05.2020 |
| Datum proběhlé obhajoby: | 10.06.2020 |
| Oponenti: | doc. Paola Bertoli, M.A., M.Sc., D.Phil. |
| Kontrola URKUND: | |
| Seznam odborné literatury |
| 1. Berkmen, Pelin, et. al., 2009, "The Global Financial Crisis: Explaining Cross-Country Differences in the Output Impact," IMF Working Papers 09/280, International Monetary Fund.
2. Frankel, J., & Saravelos, G. (2010). Are Leading Indicators of Financial Crises Useful for Assessing Country Vulnerability? Evidence from the 2008-09 Global Crisis. National Bureau of Economic Research. https://doi.org/10.3386/w16047 3. Frankel, Jeffrey, and Shang-Jin Wei, 2005. "Managing Macroeconomic Crises," Chapter 7, in Managing Economic Volatility and Crises: A Practitioner’s Guide, edited by Joshua Aizenman and Brian Pinto (Cambridge University Press; paperback 2010). NBER Working Papers 10907. 4. Rose, Andrew, and Mark Spiegel, 2009a. “The Causes and Consequences of the 2008 Crisis: Early Warning” (with Mark Spiegel), Global Journal of Economics, forthcoming. NBER Working Papers 15357. 5. Aït-Sahalia, Yacine, Jochen Andritzky, Andreas Jobst, Sylwia Nowak, and Natalia Tamirisia, 2010, “Market Response to Policy Initiatives During the Global Financial Crisis,” NBER Working Paper No. 15809, March. |
| Předběžná náplň práce v anglickém jazyce |
| Research question and motivation
The main question of my thesis is: How does the COVID-19 Pandemic affect economic growth around the globe? The long period of economic growth since the 2008 subprime mortgage crises was put to an end by a swift economic drop – the fastest ever on record. This specific topic is important because the global slow down caused by the spread of the COVID–19 will likely have far-reaching implications for economies and individuals around the globe for years to come. Contribution Since the COVID-19 Pandemic is an event without precedents, there is almost no literature covering the topic. Thus, my bachelor thesis can serve as a foundation for further empirical studies of the phenomenon. Methodology The IMF’s World Economic Outlook forecast datasets of projections are going to be used. The work will make use of cross-country regressions to explain the factors (intensity of relations with China, levels of measures taken etc.) driving growth forecast revisions after the eruption of the pandemic. Outline 1. Introduction to the topic of COVID-19 Pandemic a. Virus outset and worldwide spread b. Summary of policy measures c. Market reactions, monetary and fiscal measures 2. Literature review and hypothesis statement a. History of pandemics & comparisons b. Financial Crisis literature & comparisons c. COVID-19-specific literature 3. Methodology a. Description of methods used for data collection b. Model description and evaluation 4. Results a. Evaluation of hypothesis: What factors drive economic growth forecast revisions after the eruption of the COVID-19 Pandemic? b. Interpretation of results 5. Conclusion a. Broader context of results b. Practical implications c. Topics for further research |