The deployment of fiscal policy in five ASEAN countries in dampening the impact of Covid-19

The deployment of fiscal policy in five ASEAN countries in dampening the impact of Covid-19. Journal of Emerging Economies & Islamic Research, 9 (1). pp. 16-28. ISSN 2289-2559 (2021)


The COVID-19 crisis is casting a long shadow over ASEAN and its member states. The number of individuals infected by it continues to surge daily. COVID-19 has rapidly morphed into an unprecedented health, economic and geopolitical crisis. Among the sectors that have practically ground to a halt are the tourism, aviation and travel sectors. This paper attempts to examine the initiatives taken by several ASEAN
countries in mitigating the impact of COVID-19. A content analysis was employed in order to understand the economic stimulus packages employed by five ASEAN countries in dampening the effect of COVID19. Several evidences are presented in this paper by referring to published data, and information from secondary sources such as scholarly articles and journals, newspapers and data from the web. The
findings are also strengthened by connecting those initiatives with a political economy theory of fiscal policy. The study found that the majority of ASEAN countries employ fiscal policy in order to stimulate the economy and encourage full employment.

Item Type: Article
Keywords: Fiscal policy, Economic stimulus package, ASEAN, Political economy theory
Taxonomy: By Subject > Business & Management > Economics
By Subject > Business & Management > Management
By Subject > Administrative Science & Policy Studies > Policy Studies
Local Content Hub: Subjects > Business & Management
Depositing User: Muslim Ismail @ Ahmad
Date Deposited: 24 Feb 2022 09:30
Last Modified: 07 Sep 2022 03:13
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