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What Implications Does COVID-19 Have on Sustainable Economic Development in the Medium and Long Terms?

Author

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  • Shiyi Chen

    (School of Economics and Fanhai International School of Finance, Fudan University, Shanghai 200433, China)

Abstract

Given the enormous impact that the COVID-19 pandemic had on China’s economy, helping companies to revitalize post-pandemic economic activities promptly is a priority for the whole society. This necessitates the smooth circulation of production-factors among different economic entities, departments, and regions. The pandemic’s huge impact on the economy is evident in the severely hampered flow of these factors, including labor, materials, and capital. Therefore, using data and digital technology, combined with a contact-free allocation of labor, capital, and materials, to accelerate the flow of production-factors is critical to the post-pandemic economy’s restoration. Such a policy can not only provide a short-term stimulus but also a momentum for China’s mid- and long-term sustainable economic development.

Suggested Citation

  • Shiyi Chen, 2020. "What Implications Does COVID-19 Have on Sustainable Economic Development in the Medium and Long Terms?," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 15(3), pages 380-395, September.
    • Handle: RePEc:fec:journl:v:15:y:2020:i:3:p:380-395
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    File URL: http://journal.hep.com.cn/fec/EN/10.3868/s060-011-020-0017-8
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    Cited by:

    1. Iva Gregurec & Martina Tomičić Furjan & Katarina Tomičić-Pupek, 2021. "The Impact of COVID-19 on Sustainable Business Models in SMEs," Sustainability, MDPI, vol. 13(3), pages 1-24, January.
    2. Rui Zhou, 2022. "Sustainable Economic Development, Digital Payment, and Consumer Demand: Evidence from China," IJERPH, MDPI, vol. 19(14), pages 1-20, July.

    More about this item

    Keywords

    COVID-19 outbreak; factors of production; data; sustainable development;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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