Overview

Original Research

POST-COVID-19 ECONOMIC STABILITY CHANGES IN NINE COUNTRIES OF ASIA PACIFIC ECONOMIC COOPERATION

SUHENDI 1, RUSIADI 2, ADE NOVALINA 3, LIA NAZLIANA NST 4, BAKHTIAR EFENDI 5, and DIWAYANA PUTRI NST 6.

Vol 17, No 09 ( 2022 )   |  DOI: 10.5281/zenodo.7081380   |   Author Affiliation: Universitas Pembangunan Panca Budi, Medan, Indonesia 1,2,3,4,5,6.   |   Licensing: CC 4.0   |   Pg no: 823-835   |   To cite: SUHENDI, et al., (2022). POST-COVID-19 ECONOMIC STABILITY CHANGES IN NINE COUNTRIES OF ASIA PACIFIC ECONOMIC COOPERATION. 17(09), 823–835. https://doi.org/10.5281/zenodo.7081380   |   Published on: 14-09-2022

Abstract

This study examines changes in economic stability after Covid-19 and the impact of Covid-19 causing an economic recession in all countries, especially in 9 countries (Indonesia, Japan, Malaysia, Philippines, Singapore, Thailand, Mexico, Chile, and Peru). Where the variables are fiscal policy or crowding out (government spending and investment), monetary policy or time lag (exchange rate), and economic stability (economic growth and inflation). This study uses secondary data or time-series from 2010 to 2019. Model in this study is the ARDL Panel viewed from the sharp edge with IRF analysis, FEVD, and Panel ARDL. The results of the FEVD analysis show as operational targets. Then the results of the AEDL Panel analysis show that the Panel on inflation, investment, and government spending can control economic stability, precisely at the level of economic growth in 9 countries both in the short and long term.

Keywords

Economic Stability, Covid-19 and especially in 9 countries.