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The Economic and Social Impact of COVID-19 Pandemic: Evidence from Romania

Author

Listed:
  • Åžtefan Catană

    (University of Bucharest)

  • Sorin-George Toma

    (University of Bucharest)

  • Cătălin Grădinaru

    (University of Bucharest)

Abstract

The paper draws attention to the impact of the context of the COVID-19 pandemic on Romanian economy and social relations. Analyzing the secondary data, the paper presents the impact on the economy and how Romanians were affected by the imposed measures, what daily habits they have changed and how much trust they give to the authorities for managing crisis situations. The paper reflects that almost all Romanians have changed their daily habits and the measures of social distancing are felt by the population as a restriction of the freedoms of individuals. Moreover, the measures had immediate effects on the economy, the companies opted for work of home and the population had changed their buying habits. The paper contributes to a better understanding of the changes in the Romanian economy in the context of the COVID-19 pandemic.

Suggested Citation

  • Åžtefan Catană & Sorin-George Toma & Cătălin Grădinaru, 2020. "The Economic and Social Impact of COVID-19 Pandemic: Evidence from Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 273-277, December.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:2:p:273-277
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2021/03/Section%203/13.pdf
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    References listed on IDEAS

    as
    1. Stefan-Alexandru CATANA, 2020. "Coronavirus (Covid-19) Pandemic – Effects And Correlations In The European Union Countries," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 23, pages 169-174, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    COVID-19 pandemic; Romanian consumers; daily habits; social distancing;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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