Navigating fiscal resilience in the Asia-Pacific: A multivariate exploration of government net lending and borrowing amidst the COVID-19 crisis

Document Type

Presentation

Publication Date

4-9-2025

Abstract

COVID-19 challenges the effectiveness of institutional risk mitigation strategies. Disaster risk management and reduction are crucial in influencing a country's development across both micro and macro levels. The Asia and Pacific region, comprising 37 countries, was one of the first areas to encounter the economic repercussions of COVID-19, which initially emerged in this region. Examining the trends in General Government Net Lending/Borrowing (GGnLoB) within this region is essential for comprehending the policies countries implemented to address the financial challenges resulting from the pandemic. This study employs Multivariate ANOVA models to assess GGnLoB across 37 countries during pre-COVID, during-COVID, and post-COVID periods, with an emphasis on policy interventions and the forecasting of fiscal recovery. The results underscore the significance of prompt fiscal interventions and offer essential insights for policymakers focused on developing resilient economies that can endure future crises. The research illustrates the essential relationship between fiscal policies and economic stability within the Asia-Pacific region

Comments

Academy of Business Economics Conference, MBAA International Conference

4/9/25 → 4/11/25

Chicago, Illinois, United States

First Department

School of Business Administration

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