Article
Version 1
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The Impacts of COVID-19 on Indonesian Poverty and Unemployment
Version 1
: Received: 7 August 2020 / Approved: 12 August 2020 / Online: 12 August 2020 (16:33:59 CEST)
How to cite: Bahri, M. The Impacts of COVID-19 on Indonesian Poverty and Unemployment. Preprints 2020, 2020080288. https://doi.org/10.20944/preprints202008.0288.v1 Bahri, M. The Impacts of COVID-19 on Indonesian Poverty and Unemployment. Preprints 2020, 2020080288. https://doi.org/10.20944/preprints202008.0288.v1
Abstract
This study estimates the negative impacts of the COVID-19 on poverty and unemployment in Indonesia. In doing so, this study develops and uses the SD model that reproduced similar patterns in terms of GDP, poverty, and unemployment. Estimated unemployment and estimated poverty under the COVID-19 are calculated for three different economic scenarios: the optimistic, the mid, and the pessimistic scenarios. This study concludes that Indonesia will experience rising unemployment and poverty in ranges (9-10) and (25-26) million people respectively by the end of this year – depending on projected economy growths. This study suggests that existing financial aids are sufficient to support rising unemployment and rising poverty level. However, if the Indonesia government cannot carefully slow the COVID-19 flow, higher financial supports are required to curb the negative impacts of the COVID-19.
Keywords
COVID-19; Indonesia; socioeconomic impacts; unemployment; poverty; coronavirus impacts
Subject
Business, Economics and Management, Economics
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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