Bi Mingxiong
Donghai Academy Ningbo University, NingBo 315211, China.
Business School, NingBo University, NingBo 315211, China.
Econ Anal Policy. 2023 Mar;77:1001-1015. doi: 10.1016/j.eap.2022.12.015. Epub 2022 Dec 24.
The COVID-19 pandemic has caused turmoil in every aspect of life and may be prevalent for years. Therefore, this study aimed to determine whether the pandemic reflects oil prices in China. We utilized a model to simulate and examine the energy, economic, and environmental effects of COVID-19, which affects a wide range of industries and households. The impact of the pandemic is considered in terms of customer expectations and factor input changes. Based on these changes, we find that factor input changes are the primary cause of the economic recession. We further find a parallel relationship between CO2 emissions and economic downturn. In addition, a reduction in transportation has significantly influenced the Gross Domestic product (GDP), which plunged during the pandemic period by 0.49%. Transportation negatively influences industrial production, railway sector, and air transportation by 10.17%, 1.76%, and 1.53%, respectively. Based on these findings, this study proposes important policy implications.
新冠疫情给生活的方方面面都带来了动荡，且可能会持续数年。因此，本研究旨在确定疫情是否反映了中国的油价。我们使用一个模型来模拟和检验新冠疫情对能源、经济和环境的影响，疫情影响了广泛的行业和家庭。从客户期望和要素投入变化的角度来考虑疫情的影响。基于这些变化，我们发现要素投入变化是经济衰退的主要原因。我们还进一步发现二氧化碳排放与经济衰退之间存在平行关系。此外，交通运输量的减少对国内生产总值（GDP）产生了重大影响，在疫情期间GDP暴跌了0.49%。交通运输分别对工业生产、铁路部门和航空运输产生了10.17%、1.76%和1.53%的负面影响。基于这些发现，本研究提出了重要的政策建议。
