Presentation Title
P-09 Longitudinal Study: The Interventional Effects of COVID Pandemic on the Consumer Price Index (CPI) Among Southeast Asian Countries
Presenter Status
MBA Candidate
Second Presenter Status
Ph.D, MBA, School of Business Administration, Andrews University (Co-Author)
Preferred Session
Poster Session
Location
Buller Hall Hallways
Start Date
21-10-2022 2:00 PM
End Date
21-10-2022 3:00 PM
Presentation Abstract
The purpose of this paper is to ensure the impact of coronavirus (Covid-19) on the Consumer Price Index (CPI) in Southeast Asian Countries. As one of the measurements for inflation, CPI should be maintained at a manageable level even when necessary policies are to be implemented to sustain households and organizations. Thus, this paper also tries to provide a clearer understanding to recommend a better policy in the future if a similar worldwide emergency arises.
The study used a comprehensive analytical assessment of each Southeast Asia country's yearly CPI, based on data collected from the International Monetary Fund database. Our findings testify that Southeast Asian countries' CPI is significantly correlated with the Covid Pandemic, with Greenhouse-Geisser p = .039 (F=4.474, Partial Eta Squared=.157). Malaysia experienced the biggest decline in mean CPI after the Pandemic, whereas Myanmar experienced the biggest increase in mean CPI. This suggests that it is possible to maintain same level of CPI, or even lower, even during global emergencies. Southeast Asian countries can learn about the policies and preparations from countries such as Malaysia and Thailand.
P-09 Longitudinal Study: The Interventional Effects of COVID Pandemic on the Consumer Price Index (CPI) Among Southeast Asian Countries
Buller Hall Hallways
The purpose of this paper is to ensure the impact of coronavirus (Covid-19) on the Consumer Price Index (CPI) in Southeast Asian Countries. As one of the measurements for inflation, CPI should be maintained at a manageable level even when necessary policies are to be implemented to sustain households and organizations. Thus, this paper also tries to provide a clearer understanding to recommend a better policy in the future if a similar worldwide emergency arises.
The study used a comprehensive analytical assessment of each Southeast Asia country's yearly CPI, based on data collected from the International Monetary Fund database. Our findings testify that Southeast Asian countries' CPI is significantly correlated with the Covid Pandemic, with Greenhouse-Geisser p = .039 (F=4.474, Partial Eta Squared=.157). Malaysia experienced the biggest decline in mean CPI after the Pandemic, whereas Myanmar experienced the biggest increase in mean CPI. This suggests that it is possible to maintain same level of CPI, or even lower, even during global emergencies. Southeast Asian countries can learn about the policies and preparations from countries such as Malaysia and Thailand.