COVID-19 movement control effects on the socio-economy: evidence from Bangladesh’s manufacturing sector

Hasan, Fakhrul and Hasan, Md. Zahid and Islam, Mohammad Raijul (2022) COVID-19 movement control effects on the socio-economy: evidence from Bangladesh’s manufacturing sector. International Journal of Critical Accounting, 12 (6). ISSN 1757-9848 (Accepted for Publication)

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Abstract

This study provides in-depth research into how the global pandemic has influenced the regular activity by the movement control order on Bangladesh’s manufacturing industry. The study simulates how a demand shock is being borne hard by companies and is having a series of effects. We use six different manufacturing companies and find that independent contraction by social isolation has had an impact on the willingness of new investors in the face of a declining individual product. As companies are losing their share and companies are undergoing a process of laying off staff, owners are failing to pay dues, creating household money shortages. Some companies are going through a digital transformation and are hopeful of recovering. However, in general this study conveys the economic pain endured by manufacturing sectors like Bangladesh’s and provides some suggestions as to how the crisis can be overcome.

Item Type:	Article
Keywords:	COVID-19; manufacturing industry; demand shock; economic loss; Bangladesh.
Faculty / Department:	Faculty of Business, Law and Criminology > Liverpool Hope Business School
Depositing User:	Fakhrul Hasan
Date Deposited:	08 Apr 2022 14:49
Last Modified:	08 Apr 2022 14:49
URI:	https://hira.hope.ac.uk/id/eprint/3508

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