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Socioeconomic impact and sufficiency of government financial support during COVID-19 pandemic: A retrospective study

This study examines the socioeconomic impact of the COVID-19 pandemic and the sufficiency of government support. Based on an online survey with 920 respondents, the cross-tabulation and binary logistic regression results show: firstly, in terms of loss of income, male respondents are more likely to...

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Main Authors:	Lau, Wee Yeap, Ke, Guek Nee, Yip, Tien Ming, Wong, Rachel Mei Ming, Kamal, Khalil Anwar, Lee, Shen Ching, Carter, Stephen, Khairudin, Rozainee, Grajfoner, Dasha
Format:	Article
Published:	Public Library of Science 2024
Subjects:	HB Economic Theory
Online Access:	http://eprints.um.edu.my/45217/ https://doi.org/10.1371/journal.pone.0302979
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id	my.um.eprints.45217
record_format	eprints
spelling	my.um.eprints.452172024-09-26T03:59:54Z http://eprints.um.edu.my/45217/ Socioeconomic impact and sufficiency of government financial support during COVID-19 pandemic: A retrospective study Lau, Wee Yeap Ke, Guek Nee Yip, Tien Ming Wong, Rachel Mei Ming Kamal, Khalil Anwar Lee, Shen Ching Carter, Stephen Khairudin, Rozainee Grajfoner, Dasha HB Economic Theory This study examines the socioeconomic impact of the COVID-19 pandemic and the sufficiency of government support. Based on an online survey with 920 respondents, the cross-tabulation and binary logistic regression results show: firstly, in terms of loss of income, male respondents are more likely to have a loss of income as compared to female counterparts, and secondly, among different categories of employment status, the self-employed respondents are the most vulnerable group, given that more than 20 percent of them experienced loss of income due to the COVID-19 pandemic. Moreover, respondents working in small-and-medium enterprises (SMEs) and the informal sector are more likely to face loss of income as compared to respondents working in other sectors of employment. Likewise, respondents without tertiary education level are more likely to have a loss of income as compared to respondents with university certification. The baseline results highlight the insufficiency of government financial support programs based on the perspective of Malaysians from different demographic backgrounds. As a policy implication, the findings could guide the State in formulating the right policies for target groups who need more assistance than others in the community. Public Library of Science 2024-05 Article PeerReviewed Lau, Wee Yeap and Ke, Guek Nee and Yip, Tien Ming and Wong, Rachel Mei Ming and Kamal, Khalil Anwar and Lee, Shen Ching and Carter, Stephen and Khairudin, Rozainee and Grajfoner, Dasha (2024) Socioeconomic impact and sufficiency of government financial support during COVID-19 pandemic: A retrospective study. PLoS ONE, 19 (5). e0302979. ISSN 1932-6203, DOI https://doi.org/10.1371/journal.pone.0302979 <https://doi.org/10.1371/journal.pone.0302979>. https://doi.org/10.1371/journal.pone.0302979 10.1371/journal.pone.0302979
institution	Universiti Malaya
building	UM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Malaya
content_source	UM Research Repository
url_provider	http://eprints.um.edu.my/
topic	HB Economic Theory
spellingShingle	HB Economic Theory Lau, Wee Yeap Ke, Guek Nee Yip, Tien Ming Wong, Rachel Mei Ming Kamal, Khalil Anwar Lee, Shen Ching Carter, Stephen Khairudin, Rozainee Grajfoner, Dasha Socioeconomic impact and sufficiency of government financial support during COVID-19 pandemic: A retrospective study
description	This study examines the socioeconomic impact of the COVID-19 pandemic and the sufficiency of government support. Based on an online survey with 920 respondents, the cross-tabulation and binary logistic regression results show: firstly, in terms of loss of income, male respondents are more likely to have a loss of income as compared to female counterparts, and secondly, among different categories of employment status, the self-employed respondents are the most vulnerable group, given that more than 20 percent of them experienced loss of income due to the COVID-19 pandemic. Moreover, respondents working in small-and-medium enterprises (SMEs) and the informal sector are more likely to face loss of income as compared to respondents working in other sectors of employment. Likewise, respondents without tertiary education level are more likely to have a loss of income as compared to respondents with university certification. The baseline results highlight the insufficiency of government financial support programs based on the perspective of Malaysians from different demographic backgrounds. As a policy implication, the findings could guide the State in formulating the right policies for target groups who need more assistance than others in the community.
format	Article
author	Lau, Wee Yeap Ke, Guek Nee Yip, Tien Ming Wong, Rachel Mei Ming Kamal, Khalil Anwar Lee, Shen Ching Carter, Stephen Khairudin, Rozainee Grajfoner, Dasha
author_facet	Lau, Wee Yeap Ke, Guek Nee Yip, Tien Ming Wong, Rachel Mei Ming Kamal, Khalil Anwar Lee, Shen Ching Carter, Stephen Khairudin, Rozainee Grajfoner, Dasha
author_sort	Lau, Wee Yeap
title	Socioeconomic impact and sufficiency of government financial support during COVID-19 pandemic: A retrospective study
title_short	Socioeconomic impact and sufficiency of government financial support during COVID-19 pandemic: A retrospective study
title_full	Socioeconomic impact and sufficiency of government financial support during COVID-19 pandemic: A retrospective study
title_fullStr	Socioeconomic impact and sufficiency of government financial support during COVID-19 pandemic: A retrospective study
title_full_unstemmed	Socioeconomic impact and sufficiency of government financial support during COVID-19 pandemic: A retrospective study
title_sort	socioeconomic impact and sufficiency of government financial support during covid-19 pandemic: a retrospective study
publisher	Public Library of Science
publishDate	2024
url	http://eprints.um.edu.my/45217/ https://doi.org/10.1371/journal.pone.0302979
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score	13.211869

Socioeconomic impact and sufficiency of government financial support during COVID-19 pandemic: A retrospective study

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