Policy measures for economic resilience of Visegrad Group and Ukraine during the pandemic

  • 333 Views
  • 171 Downloads

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License

The COVID-19 pandemic has posed unprecedented healthcare and economic resilience challenges for the world. This study systematizes the policy measures taken by the Visegrad Group and Ukraine to support national economies in response to the pandemic. The paper is based on a grouping method to systematize the policy measures, and a tabular method to present the results of the policy measures classification. Following systematization results, the policy measures for ensuring the economic resilience under the pandemic are classified as quarantine and compensatory measures. Additionally, quarantine measures were classified into prohibitions, restrictions, and recommendations. Compensatory measures were classified by the type of policy and grouped according to the global dimension in periodization of the COVID-19 waves. The analysis of quarantine measures in Ukraine and Visegrad Group also shows that prohibitions had been used most frequently and for the longest time in Ukraine, particularly they included school closures, public transport closing, and restrictions on internal movement. Meanwhile, fiscal, macroprudential, and microprudential measures prevailed among the compensatory measures. Simultaneously, 38% of all fiscal measures were direct grants to households and enterprises. The largest number of various measures (78) were implemented in Poland, linking quarantine and compensatory measures. The least compensatory measures were implemented in Ukraine (19) and Slovakia (15). Overall, policy measures helped to avoid a worse scenario of pandemic impact but did not help to overcome the effects of the pandemic fully.

view full abstract hide full abstract
    • Figure 1. GDP and GSI of Ukraine, Poland, Czech Republic, Hungary, and Slovakia
    • Table 1. Timeline dashboard of quarantine measures for Ukraine and Visegrad Group countries, March 2020–November 2021
    • Table 2. Quarantine measures duration in Ukraine and Visegrad Group countries, days (March 2020–November 2021)
    • Table 3. Compensatory measures in response to COVID-19 crisis with economic resilience relevance
    • Table 4. Compensatory measures for Ukraine and Visegrad Group countries classified according to the type of policy and systematized by the periodization of the COVID-19 waves
    • Conceptualization
      Alina Boiko, Yurii Umantsiv, Diana Shkuropadska
    • Formal Analysis
      Alina Boiko, Diana Shkuropadska
    • Methodology
      Alina Boiko, Yurii Umantsiv, Volodymyr Prikhodko
    • Validation
      Alina Boiko, Ivan Cherlenjak, Volodymyr Prikhodko
    • Writing – original draft
      Alina Boiko, Diana Shkuropadska
    • Project administration
      Yurii Umantsiv
    • Supervision
      Yurii Umantsiv, Volodymyr Prikhodko
    • Writing – review & editing
      Yurii Umantsiv, Ivan Cherlenjak, Volodymyr Prikhodko
    • Funding acquisition
      Ivan Cherlenjak, Volodymyr Prikhodko
    • Investigation
      Ivan Cherlenjak, Volodymyr Prikhodko, Diana Shkuropadska
    • Resources
      Ivan Cherlenjak, Diana Shkuropadska
    • Data curation
      Diana Shkuropadska
    • Visualization
      Diana Shkuropadska