Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/247784 
Year of Publication: 
2021
Citation: 
[Title:] Proceedings of the 37th International Business Information Management Association (IBIMA), 30-31 May 2021, Cordoba, Spain, [ISBN:] 978-0-9998551-6-4 [Publisher:] IBIMA Publishing [Place:] King of Prussia, PA [Year:] 2021 [Pages:] 1008-1018
Publisher: 
IBIMA Publishing, King of Prussia, PA
Abstract: 
In this paper, we estimated the impact of COVID-19 shock on the industrial production and on the confidence in industry at European Union level, using Panel EGLS method - weighted by Cross-section SUR option. The negative impact we found on both indicators is quite high and may severely affect the economy, in the absence of political support and in the case of prolonging COVID-19 crisis or starting another lockdown waves. The largest drops of industrial production were found in Italy, Slovakia, Romania and Hungary, while Latvia, Malta, Finland and the Netherlands were less vulnerable to the COVID- 19 shock. Through this paper, we also identified a high similarity between the dynamics of industrial production and the industrial confidence index. The outlooks are still exposed to uncertainty, but these have been improved in the latest months.
Subjects: 
industrial production
crisis
coronavirus
COVID-19
confidence
JEL: 
C23
I15
L16
Document Type: 
Conference Paper
Document Version: 
Published Version
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