Coronavirus 2019-2020: protective measures and impact on stock markets
Skorik N.G.1, Zoidov K.Kh.1
1 ИПР РАН
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Journal paper
Economics and society: contemporary models of development (РИНЦ)
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Volume 10, Number 2 (April-June 2020)
Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=44770746
Cited: 1 by 24.01.2023
Abstract:
Object / subject. This article is devoted to the analysis of protection measures against the spread of COVID-19, as well as to the analysis of the effect of the virus on changes in the stock market. The object of study is the coronavirus COVID-19. The subject of the study is protective measures and impact on stock markets.
Purpose / tasks. The purpose of the article is to analyze measures taken to protect against the spread of COVID-19 in different countries and the relationship of processes associated with COVID-19 and the dynamics of changes in the stock market.
To achieve the goal, the following tasks are solved. The appearance of the virus and the chronology of the spread of the virus was analyzed. The main characteristics of the new virus were studied. Measures taken to protect against the spread of coronavirus are considered. The relationship between the dynamics of processes related to coronavirus and the dynamics of changes in the stock market is analyzed.
The research methodology includes a set of empirical methods for studying an object, such as observation, generalization, comparison, and inference. The primary data in the work is processed and secondary or derived information is obtained on the basis of them. On the basis of secondary information, the effects of the measures and their relation to changes in the stock market were identified. Results. The analysis showed that the strict measures of protection against the pandemic introduced in many countries have had the same consequences as in countries where strict measures were not taken. A comparison of the spread of the virus and the charts of changes in the levels of stock indices showed a close relationship between these processes. Conclusions. The analysis made it possible to conclude that such strict measures as were taken in most countries affected by the coronavirus were not mandatory. It was enough to introduce a number of milder measures, including distancing. The beginning epidemic in China at the end of December 2019 did not affect changes in the indices of other countries, but it had an impact on Chinese stock indexes. Starting from the end of February, the world's largest indexes began to decline until March 16. After that, many indices went into remission and began to grow. As the analysis showed, the decline in the indices was not long, but significant, and the recovery was long and gradual.
Keywords: COVID-19, protective measures, stock index, virus, dynamics, relationship
References:
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