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Pandemic and Progress: How COVID-19 Redefined the Economic Catch-Up Dynamics | ||
| Iranian Journal of Economic Studies | ||
| مقاله 4، دوره 13، شماره 1 - شماره پیاپی 25، آذر 2024، صفحه 51-86 اصل مقاله (1.35 M) | ||
| نوع مقاله: Research Paper | ||
| شناسه دیجیتال (DOI): 10.22099/ijes.2025.52587.2013 | ||
| نویسنده | ||
| Hassan Daliri* | ||
| Faculty of Humanities and Social Sciences, Golestan University, Gorgan, Iran. | ||
| چکیده | ||
| This study examines the impact of the COVID-19 pandemic on economic catch-up dynamics across 194 countries, segmented by income groups, using an economic catch-up index relative to the United States (USA) and G7 benchmarks. To examine the change in the path of economic catch-up, a test is performed to compare the difference between the mean catch-up index after COVID-19 and the mean catch-up index before COVID-19 for each country. By comparing pre-pandemic periods (2001–2019, 2010–2019, 2014–2019) with the post-pandemic phase (2020–2023), the analysis reveals heterogeneous trajectories shaped by income levels, structural resilience, and benchmark selection. A clustering approach identified six distinct clusters, highlighting divergent recovery patterns. Low-income countries experienced significant divergence from the USA post-pandemic but displayed minor divergence with the G7. Lower-middle-income countries showed mixed outcomes, with notable progress in countries like Vietnam and Bangladesh but persistent divergence in structurally weaker economies such as Angola and Haiti. Upper-middle-income countries exhibited relative stability, while high-income countries diverged sharply from the USA but converged with the G7. These findings highlight the asymmetric effects of global shocks on economic trajectories and underscore the importance of institutional quality, policy responses, and structural diversification in shaping recovery outcomes. Correlation analysis shows that, Governance factors like Control of Corruption and Regulatory Quality are vital for economic catch-up in low- and upper middle-income countries, while COVID-19 mortality rates significantly hinder lower middle-income nations. High-income countries face post-pandemic challenges despite strong institutions, with innovation playing a critical role in sustaining their alignment with advanced economies. | ||
| کلیدواژه‌ها | ||
| Economic catch-up؛ COVID-19؛ external shocks؛ economic recovery؛ income groups | ||
| مراجع | ||
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