The Time-varying Impact of Covid-19 pandemic on Consumption: Evidence from China
DOI:
https://doi.org/10.54691/bcpbm.v30i.2409Keywords:
COVID-19; Consumption; China; Globe; daily infection confirmed cases.Abstract
The pandemic, COVID-19 has dropped chaos in the world and is still ongoing around the globe. The economy is one of the areas that is influenced by the epidemic, and there have been various research related to what impact of COVID-19 pandemic has been put on, such as, food consumption, electricity consumption, and consumption behavior. This paper aims to focus on the effect of the pandemic on Chinese consumption. By collecting the data from the CSMAR and applying multiple models to analyze them, it can be concluded that the COVID-19 has both positive and negative influence on the Chinese consumption, and the time the effect lasts varies dependent on the global and domestic pandemic situation. The reason could be that export commodities are affected by the epidemic. The Chinese government could enact and enforce regulations and policies to mitigate the influence of COVID-19 on consumption by reducing the export good and focusing on the domestic good. Plus, future research can aim at how to lower the effect that the pandemic could bring on consumption.
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