Resilience of Bruneian economy amidst Covid-19 based on the United Nations Disaster Risk Reduction (UNDRR) framework
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Author(s)Hakimah YaacobLink to ORCID Index: https://orcid.org/0000-0001-5653-4448
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Qaisar AliLink to ORCID Index: https://orcid.org/0000-0002-6825-650X
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Nur Anissa Sarbini
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Abdul Nasir Rani
,
Zaki ZainiLink to ORCID Index: https://orcid.org/0000-0003-4615-0453
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DOIhttp://dx.doi.org/10.21511/ppm.19(1).2021.08
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Article InfoVolume 19 2021, Issue #1, pp. 90-102
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1683 Downloads
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Creative Commons Attribution 4.0 International License
The outbreak of Covid-19 is the second most devastating event over a century. The pandemic, alongside deep health crises, has ushered the largest economic shocks, which require governments’ attention to ameliorate to avoid an economic downturn. The aim of this study is to measure the economic impacts of Covid-19 in Brunei by estimating the exposure, vulnerability, and resilience of the economy. This study deployed the United Nations Disaster Risk Reduction framework to examine the economic impact empirically. The data related to variables of gross domestic product, oil prices, international merchandise trade, tourism, unemployment, consumer price index, money supply, and national accounts were collected from September 2019 to July 2020 and analyzed through the fixed effects panel regression technique. The findings show that the news of the Covid-19 outbreak has exposed the weaknesses in energy sectors by having a significant negative impact. Additionally, analysis discloses that the energy and tourism sectors are vulnerable to the shocks of Covid-19. During the peak of the pandemic outbreak, unemployment in Brunei has also escalated. Additionally, the energy and tourism sectors are less resilient to pandemic shocks. The findings indicated that the consumer price index has significantly escalated during the economic recovery process. The findings elucidate that the overall GDP growth rate, international merchandise trade, and the financial sector continue exhibiting better performance amid Covid-19. The findings of this study contribute to developing policy implications for the emerging economies concerned with the economic recovery process during the pandemic.
- Keywords
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JEL Classification (Paper profile tab)E27, P44, H11
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References53
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Tables7
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Figures0
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- Table 1. Estimation of the variables used in this study
- Table 2. Results of mean, median, and standard deviation
- Table 3. Results of panel regression analysis (exposure scenario)
- Table 4. Mean, median, standard deviation, and t-tests results
- Table 5. Panel regression analysis (vulnerability scenario)
- Table 6. Results of mean, median, and t-test
- Table 7. Results of panel regression analysis (resilience scenario)
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The impact of COVID-19 on the transportation and logistics industry
Dalia Perkumiene ,
Agbonmere Osamede ,
Regina Andriukaitienė ,
Olegas Beriozovas
doi: http://dx.doi.org/10.21511/ppm.19(4).2021.37
Problems and Perspectives in Management Volume 19, 2021 Issue #4 pp. 458-469 Views: 5621 Downloads: 9923 TO CITE АНОТАЦІЯIn this present age of globalization, the logistics and transportation industry has become an integral part of most businesses/firms as it is aimed at ensuring the effective movement of people, distribution of goods and services from one location to another on time. Therefore, this paper aims to analyze the impact of COVID-19 on the logistics and transportation sectors. The qualitative research approach was adopted using analysis and synthesis of scientific literature, data from news reports, organizational sites, and a case study of data contents. The paper presented the analysis of negative and positive effects of COVID-19 on the logistics and transportation industry. The study also discusses possible strategies and further steps for improvement of the logistics and transportation sector, including the automation and introduction of other technologies, a sustainable and flexible transportation system, cooperation of logistics and transportation business. Findings regarding the positive implications of COVID-19 show noticeable advancements in the logistics and transportation sector, such as the rise of e-commerce businesses with efficient delivery options, and the development of 3rd party logistics services as more companies outsource supply chain operations. The study revealed the importance of strategic planning with a joint effort from the research centers, public sector, private sector, and educational institutions as one of the proposed solutions for the logistics and transportation industry.
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Muhtar Lutfi ,
Pricylia Chintya Dewi Buntuang ,
Yoberth Kornelius ,
Erdiyansyah ,
Bakri Hasanuddin
doi: http://dx.doi.org/10.21511/ppm.18(3).2020.40
Problems and Perspectives in Management Volume 18, 2020 Issue #3 pp. 492-503 Views: 3402 Downloads: 1267 TO CITE АНОТАЦІЯThis study aims to investigate the impact of social distancing policies on SMEs in Indonesia. It used a quantitative method with a survey design. Respondents were all SMEs in Indonesia that are affected by social distancing policies during the COVID-19 pandemic. It involved a total of 587 SME samples selected randomly. The data were collected through observations, questionnaires, and literature studies. The collected data were analyzed using descriptive statistics with SPSS software to determine the mean value. The result showed that social distancing policies affect SMEs during the COVID-19 pandemic. This is indicated by the decreasing income and demand for SMEs products, and even some have no income (mean values of 2.40) due to the social distancing policies. Besides, the policy’s impact is also shown in the increasing cost of raw materials and production costs due to supply chain problems (mean values of 4.79). The policy’s impact raises anxiety for SMEs to survive so that business actors change their plans by utilizing information technology (mean values of 4.81). This change is a strategy to survive due to the impact of the applied policies. Although social distancing policies affect SMEs’ survival during the pandemic, research findings show that SMEs in Indonesia did not terminate employment (mean values of 4.37) due to the presence of economic stimulus policies that helped SMEs survive and grow during the COVID-19 pandemic.
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The impact of the COVID-19 pandemic on retailer performance: empirical evidence from India
Amgad S.D. Khaled ,
Nabil Mohamed Alabsy ,
Eissa A. Al-Homaidi ,
Abdulmalek M.M. Saeed
doi: http://dx.doi.org/10.21511/im.16(4).2020.11
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