The Time-varying Impact of COVID-19 Pandemic on Consumption: Evidence from the A-share market

Research Article
Open access

The Time-varying Impact of COVID-19 Pandemic on Consumption: Evidence from the A-share market

Bangjie Li 1*
  • 1 University of Western Ontario, 1151 Richmond St, London, ON N6A 3K7, Canada    
  • *corresponding author Bli627@uwo.ca
Published on 21 March 2023 | https://doi.org/10.54254/2754-1169/3/2022897
AEMPS Vol.3
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-15-7
ISBN (Online): 978-1-915371-16-4

Abstract

The COVID-19 pandemic has had an impact on global economics, affecting the development of all industries, and the consumer industry is certainly one of the most obvious sectors. VAR and the ARMA-GARCH model are built based on empirical research to investigate the effects of the COVID-19 newly confirmed cases on the return rate and volatility of the consumption index. The conclusions are as follows: In the short term, global and Chinese consumption will be significantly impacted by the COVID-19 pandemic. However, tt is unclear whether COVID-19 will have a negative long-term effect on the consumer industries.

Keywords:

SSE Consumption Index, Time-varying impact, Covid-19 pandemic, Yields and volatility

Li,B. (2023). The Time-varying Impact of COVID-19 Pandemic on Consumption: Evidence from the A-share market. Advances in Economics, Management and Political Sciences,3,826-833.
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References

[1]. [1] Baidu Library, https://wenku.baidu.com/view/0b812818a98271fe910ef9f9?aggId=1d0f0e5d7cd184254b35356e, last accessed: 2020/11/20.

[2]. Liu Hongbo et al. The Research of the Impact of Covid-19 on Household Consumption[J]. Statistical Research, 2022, 39(5): 38-48 (2022).

[3]. Lixin Guan. Trends and countermeasures of consumption development in China after COVID-19 epidemic [J]. Consumer Economics,2020 36(205) : 03 29-36 (2020).

[4]. Zhihua Fu, Zhigang Wang. The impact of COVID-19 on household consumption and countermeasures [J]. Fiscal Science,2020 no.52 04 35-42 (2020).

[5]. Zheng Jianghuai, Fu Yifu, Tao Jin. Consumer Economy,2020 36(204): 02 5-11 (2020).

[6]. Wei Song. Research on the influence mechanism of sudden public health events on Chinese residents' typical consumption behavior. Jilin University (2021).

[7]. Jiang, P., Van Fan, Y. and Klemeš, J.J., 2021. Impacts of COVID-19 on energy demand and consumption: Challenges, lessons and emerging opportunities. Applied energy, 285, p.116441.

[8]. Martin, A., Markhvida, M., Hallegatte, S. and Walsh, B., Socio-economic impacts of COVID-19 on household consumption and poverty. Economics of disasters and climate change, 4(3), pp.453-479 (2020).

[9]. Sheth, J., Impact of Covid-19 on consumer behavior: Will the old habits return or die?. Journal of business research, 117, pp.280-283 (2020).

[10]. Piyapromdee, S. and Spittal, P., The income and consumption effects of covid‐19 and the role of public policy. Fiscal Studies, 41(4), pp.805-827 (2020).

[11]. National Bureau of Statistics of China, last accessed: 2022/3/9. http://www.stats.gov.cn/tjsj/zxfb/202201/t20220117_1826404.html

[12]. Fenglin Hu. The impact of COVID-19 on e-commerce [J]. Business Culture,2020 No.467 14 73-75 (2020).

Cite this article

Li,B. (2023). The Time-varying Impact of COVID-19 Pandemic on Consumption: Evidence from the A-share market. Advances in Economics, Management and Political Sciences,3,826-833.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ

ISBN：978-1-915371-15-7(Print) / 978-1-915371-16-4(Online)
Editor：Javier Cifuentes-Faura, Canh Thien Dang
Conference website: https://www.icemgd.org/
Conference date: 6 August 2022
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.3
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. [1] Baidu Library, https://wenku.baidu.com/view/0b812818a98271fe910ef9f9?aggId=1d0f0e5d7cd184254b35356e, last accessed: 2020/11/20.

[2]. Liu Hongbo et al. The Research of the Impact of Covid-19 on Household Consumption[J]. Statistical Research, 2022, 39(5): 38-48 (2022).

[3]. Lixin Guan. Trends and countermeasures of consumption development in China after COVID-19 epidemic [J]. Consumer Economics,2020 36(205) : 03 29-36 (2020).

[4]. Zhihua Fu, Zhigang Wang. The impact of COVID-19 on household consumption and countermeasures [J]. Fiscal Science,2020 no.52 04 35-42 (2020).

[5]. Zheng Jianghuai, Fu Yifu, Tao Jin. Consumer Economy,2020 36(204): 02 5-11 (2020).

[6]. Wei Song. Research on the influence mechanism of sudden public health events on Chinese residents' typical consumption behavior. Jilin University (2021).

[7]. Jiang, P., Van Fan, Y. and Klemeš, J.J., 2021. Impacts of COVID-19 on energy demand and consumption: Challenges, lessons and emerging opportunities. Applied energy, 285, p.116441.

[8]. Martin, A., Markhvida, M., Hallegatte, S. and Walsh, B., Socio-economic impacts of COVID-19 on household consumption and poverty. Economics of disasters and climate change, 4(3), pp.453-479 (2020).

[9]. Sheth, J., Impact of Covid-19 on consumer behavior: Will the old habits return or die?. Journal of business research, 117, pp.280-283 (2020).

[10]. Piyapromdee, S. and Spittal, P., The income and consumption effects of covid‐19 and the role of public policy. Fiscal Studies, 41(4), pp.805-827 (2020).

[11]. National Bureau of Statistics of China, last accessed: 2022/3/9. http://www.stats.gov.cn/tjsj/zxfb/202201/t20220117_1826404.html

[12]. Fenglin Hu. The impact of COVID-19 on e-commerce [J]. Business Culture,2020 No.467 14 73-75 (2020).

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