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Managing Economic and Social Changes during the COVID-19 Pandemic: A Case Study for Szczecin and Krakow

Author

Listed:
  • Ireneusz Miciula
  • Roman Tylzanowski
  • Karolina Rogowska
  • Pawel Stepien

Abstract

Purpose: The aim of the article is to analyze the economic and social changes during the Covid-19 pandemic on the example of economic centers such as cities. Approach/Methodology/Design: In the framework of the presented article, the main research methods are the quantitative analysis of financial data on changes in city budgets and the qualitative analysis of the impact of actions taken on the further situation in the economies in question, based on the example of selected cities. Findings: The obtained results will indicate the sectors of major socio-economic changes and will allow for recommendations on the issues of crisis management of budgets of public institutions and saving economies as a whole. Practical Implications: The practical implications of the research results in the article are recommendations for practical actions managing the economy of cities, which bring tangible results and are effective in crisis management as a result of various pandemics. Originality/Value: The original value of the article is the analysis of financial data influenced by the unprecedented Covid-19 pandemic and developed recommendations for practical actions to save economies reflected in their centers, which are cities.

Suggested Citation

  • Ireneusz Miciula & Roman Tylzanowski & Karolina Rogowska & Pawel Stepien, 2021. "Managing Economic and Social Changes during the COVID-19 Pandemic: A Case Study for Szczecin and Krakow," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 4), pages 365-376.
    • Handle: RePEc:ers:journl:v:xxiv:y:2021:i:special4:p:365-376
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    References listed on IDEAS

    as
    1. Espinosa-Méndez, Christian & Arias, Jose, 2021. "COVID-19 effect on herding behaviour in European capital markets," Finance Research Letters, Elsevier, vol. 38(C).
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    More about this item

    Keywords

    Economics; management; economic centers; crisis management; pandemic; health and socio-economic development.;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E71 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on the Macro Economy
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development

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