Covid-19 and Government Responses: Has the Pandemic Affected the Kuala Lumpur Composite Index?

• Main Authors: Yoong, Eric Wen Ming, Lau, Wee-Yeap
• Format: Article
• Language: English
• Published: Universiti Utara Malaysia Press 2024
• Subjects: HB Economic Theory
• Online Access: https://repo.uum.edu.my/id/eprint/31242/1/IJBF%2019%2002%202024%20133-158.pdf; https://doi.org/10.32890/ijbf2024.19.2.1; https://repo.uum.edu.my/id/eprint/31242/; https://e-journal.uum.edu.my/index.php/ijbf/article/view/17517; https://doi.org/10.32890/ijbf2024.19.2.1

The Coronavirus (COVID-19) outbreak that originated in Wuhan, China caused significant concerns about public health due to its rapid spread across the globe. Economic consequences are also brought to the forefront as more countries are switching to a work-from-home mandate to slow the spread of the virus, restrict travel and shut down schools (Toda, 2020). According to the Organisation for Economic Co-operation and Development (OECD), the new COVID-19 pandemic has severe economic consequences. It may be the biggest threat to the world economy (Siddiquei & Khan, 2020). While studies have been conducted on the economic effects of the pandemic, most papers focused on the economic effects caused by pandemic-related deaths (Meltzer et al., 1999; Smith et al., 2009; Smith et al., 2011; Siu & Wong, 2004; Chen et al., 2018; Ali et al., 2010). For example, when examining the severe acute respiratory syndrome (SARS) pandemic, Chou et al. (2003) researched the pandemic’s health cost effects on China, Hong Kong and Taiwan