Socioeconomic impact and sufficiency of government financial support during COVID-19 pandemic: A retrospective study
Document Type
Article
Publication Date
5-1-2024
Abstract
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.
Keywords
Economic-Impact, Influenza
Divisions
Faculty_of_Business_and_Accountancy
Funders
UK Research & Innovation (UKRI) (55-1465-4101-5815-0-R45-0-P20GCRF7)
Publication Title
PLoS ONE
Volume
19
Issue
5
Publisher
Public Library of Science
Publisher Location
1160 BATTERY STREET, STE 100, SAN FRANCISCO, CA 94111 USA