Title: Economical and psychosocial effects of COVID-19: evidence from the GCC economies

Authors: Talla M. Aldeehani; Moid U. Ahmad

Addresses: Department of Finance and Financial Institutions, College of Business Administration, Kuwait University, Kuwait ' Scholeio Education, NCR, 201002, India

Abstract: Pandemics like COVID-19 are expected to make a dent on the pockets and the psychological state of individuals. Not just the residents of a country, the industry is also under stress and expects some support from the government to negotiate and manage the effects of such pandemics. The primary objective of the research is to understand the relationship between economic impact, stress and the government's support during the COVID-19 crisis. Additionally, it was intended to study the expectation and impact of the economic relief and support as announced by the respective governments of the Gulf Cooperation Council (GCC) countries. The study was conducted during October-December (2020) and is based on survey data as collected from GCC residents. It uses the moderation-mediation techniques and other analytical tools to draw conclusions. One of the significant finding of the research is that the stress levels of individuals during the times of pandemics can be reduced by increasing the government's support. Additionally, the economic impact of a pandemic on earnings is one of the significant reasons for an increase in stress levels of individuals.

Keywords: COVID-19; economic impact; stress; Gulf Cooperation Council; GCC; government support.

DOI: 10.1504/GBER.2022.10042975

Global Business and Economics Review, 2022 Vol.26 No.4, pp.457 - 469

Received: 15 Apr 2021
Accepted: 30 Jul 2021

Published online: 30 May 2022 *

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