COVID-19, lockdown measures and their impact on food and healthcare prices: empirical evidence using a dynamic ARDL model

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dc.authoridDerindag, Omer Faruk/0000-0002-6693-0628
dc.authoridUche, Emmanuel/0000-0003-1596-8658
dc.authoridChang, Bisharat Hussain/0000-0002-6519-6759
dc.authorwosidDerindag, Omer Faruk/ABI-2557-2020
dc.contributor.authorChang, Bisharat Hussain
dc.contributor.authorGohar, Raheel
dc.contributor.authorDerindag, Omer Faruk
dc.contributor.authorUche, Emmanuel
dc.date.accessioned2024-08-04T20:53:02Z
dc.date.available2024-08-04T20:53:02Z
dc.date.issued2023
dc.departmentİnönü Üniversitesien_US
dc.description.abstractPurpose This research examines the impact of lockdown stringency measures and COVID-19 cases on food and healthcare prices in six Brazil, Russia, India, China, South Africa and Turkey (BRICST) countries. This research is conducted in these countries since previous studies failed to examine the effect of COVID-19 reported cases on food and healthcare prices. Design/methodology/approach To achieve the objectives of this study, food and healthcare services were regressed against CVC and lockdown stringency measures using the dynamic autoregressive distributed lag (DARDL) model. For this purpose, we used daily data for BRICST countries such as Brazil, Russia, India, China, South Africa and Turkey. Findings The empirical evidence indicates that, in the long run, COVID-19 cases significantly and positively affect both food and healthcare prices in India, South Africa and China. In contrast, in the short run, COVID-19 positively affects food and healthcare prices in all countries except Russia and Turkey. Similarly, in the long run, the government stringency index (GSI) and Containment and Health Index (CHI) significantly affect health prices in India and South Africa. In contrast, GSI and CHI significantly affect healthcare prices in South Africa only in the short run. Finally, GSI and CHI significantly affect the food prices in the long run in India, South Africa and China and in the short run in South Africa only. Originality/value The widespread impact of the new Coronavirus (COVID-19) has made the world panic. COVID-19 affected all spheres of life, including food supplies and healthcare services. However, most of the empirical research failed to examine the impact of COVID-19 cases on food and healthcare prices which is the main focus of this study. Moreover, in the given context, the authors use a recently developed model that the previous studies failed to use.en_US
dc.identifier.doi10.1108/JES-12-2021-0627
dc.identifier.endpage1026en_US
dc.identifier.issn0144-3585
dc.identifier.issue5en_US
dc.identifier.scopus2-s2.0-85138209591en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage1008en_US
dc.identifier.urihttps://doi.org/10.1108/JES-12-2021-0627
dc.identifier.urihttps://hdl.handle.net/11616/100897
dc.identifier.volume50en_US
dc.identifier.wosWOS:000853366200001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherEmerald Group Publishing Ltden_US
dc.relation.ispartofJournal of Economic Studiesen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectFood pricesen_US
dc.subjectHealthcare servicesen_US
dc.subjectCOVID-19en_US
dc.subjectGovernment stringency indexen_US
dc.subjectContainment and health indexen_US
dc.subjectDynamic ARDLen_US
dc.subjectDARDLen_US
dc.titleCOVID-19, lockdown measures and their impact on food and healthcare prices: empirical evidence using a dynamic ARDL modelen_US
dc.typeArticleen_US

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