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The Influence Of The Covid-19 Outbreak On The Economy Of The Baltic States

Author

Listed:
  • Lela Mamaladze

    (Ivane Javakhishvili Tbilisi State University)

  • George Abuselidze

    (Batumi Shota Rustaveli State University)

Abstract

The pandemic caused by the spread of Covid-19 has become the biggest challenge in the modern world not only for healthcare, but also for economic, political, social, cultural or other sectors. This paper examines the impact of the pandemic on the leading industries of the economies of the Baltic States. Also, the trend of changes in GDP and unemployment rates is analyzed and the circumstances leading to similar and different outcomes are identified. Based on the results of the research, conclusions and recommendations of practical importance have been developed.

Suggested Citation

  • Lela Mamaladze & George Abuselidze, 2022. "The Influence Of The Covid-19 Outbreak On The Economy Of The Baltic States," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 19(1), pages 1-11.
    • Handle: RePEc:neo:journl:v:19:y:2022:i:1:p:1-11
    DOI: 10.37708/em.swu.v19i1.1
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    References listed on IDEAS

    as
    1. Radu CIOBANU & Robert-Aurelian ȘOVA & Adriana Florina POPA, 2020. "The Impact of FDI over Economic Growth and how COVID-19 Crisis Can Impact the CEE Economies," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 0(4), pages 64-72, April.
    2. Radu CIOBANU & Robert-Aurelian ȘOVA & Adriana Florina POPA, 2020. "The Impact of FDI over Economic Growth and how COVID-19 Crisis Can Impact the CEE Economies," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 1(4), pages 64-72, April.
    3. Abuselidze, George & Slobodianyk, Anna, 2020. "Social responsibility of business and government in the conditions of the COVID-19 pandemic," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 210.
    4. Karsten Staehr & Katri Urke, 2021. "The Coronavirus Pandemic and Next Generation EU in the Baltic States," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 22(01), pages 20-25, January.
    5. Brada, Josef C. & Gajewski, Paweł & Kutan, Ali M., 2021. "Economic resiliency and recovery, lessons from the financial crisis for the COVID-19 pandemic: A regional perspective from Central and Eastern Europe," International Review of Financial Analysis, Elsevier, vol. 74(C).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    COVID-19; Crisis; Economy; Pandeconomy; Baltic States;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • G01 - Financial Economics - - General - - - Financial Crises
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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