IMPACTS OF COVID-19 PANDEMIC ON THE EGYPTIAN ECONOMY AND POSSIBLE MACROECONOMIC STABLIZATION POLICIES | ||
| Delta University Scientific Journal | ||
| Article 15, Volume 4, Issue 1, April 2021, Pages 206-248 | ||
| Document Type: Review articles | ||
| DOI: 10.21608/dusj.2021.205904 | ||
| Author | ||
| SAIED ABDEL ALEM EMARA | ||
| FACULTY OF BUSINESS ADMINISTRATION, DELTA UNIVERSITY FOR SCIENCE AND TECHNOLOGY , Gamasa, Egypt | ||
| Abstract | ||
| The research concentrates on impacts of COVID-19 pandemic on the Egyptian Economy and possible macroeconomic stabilization, drawing a distinction between macro and miso level. The Egyptian economy is affected but not so large like other economies in the region. That occurred because of the positive stand-by structural programs and reforms applied through wise and intensive intervention in sectors and markets. The research is mainly concerned with the impacts of COVID-19 pandemic on economic growth and employment, therefore takes a quicken observation to the fundamental sectors may critically affected like Remittances, Tourism receipts, Suez Canal, Manufacturing, Health and Pharmaceuticals, Petroleum and mineral Resources, Small and medium Enterprises, portfolio investment, stock market and the informal sector. It was necessary to build an economic model, able to interpret the phenomena and be a stand point to step upon rational and stable macroeconomic policies to surround relics and prevent their spread and help a good built-in-stability model to drive growth and improve employment opportunities. The research relied on advanced images of the Keynesian model. Following up the total effects in areas of aggregate demand and supply gaps, and the investment animal spirit (outlook) for the recession trap. Fiscal policy accounted for sixteen reform steps and monetary policy adopted nineteen. With the application of the study model, it was found that the Healthcare sector, in its broad sense, is able to respond to macroeconomic reforms and recommendations, especially with the support of the rest of national economy, based on its dynamics and investment attraction. | ||
| Keywords | ||
| COVID-19; EGYPTIAN ECONOMY; MACROECONOMIC | ||
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