Department of Economics and Finance

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    Hazardous Health Impact of Virtual Education during COVID-19
    (Journal of Scientific Research and Reports, 2021) Debata, Byomakesh
    The rapid spread of COVID-19 compelled the infected nations to close down their educational institutions to check the rigor of spread. In such context, to provide uninterrupted education to the students, virtual education through internet was widely adopted. This paper throws a light on how the students engaged in virtual education are exposed to various unexpected health perils due to the use of internet and smartphones. Moreover, this paper suggests taking a holistic approach through the introduction of “Yoga” in the course curriculum to avoid the unexpected health hazards.
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    COVID-19 pandemic sentiment and stock market behavior: evidence from an emerging market
    (Emerald, 2021-11) Debata, Byomakesh
    This study uses nonlinear causality and wavelet coherence techniques to analyze the sentiment-returns nexus. The analysis is conducted on the full sample period from January to December 2020 and further extended to two subperiods from January to June and July to December to investigate whether the associations between sentiment and market returns persist even several months after the outbreak
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    Effects of COVID-19 Pandemic on Investor Attention in Global Stock Markets: An Empirical Assessment
    (Sage, 2022-12) Debata, Byomakesh
    Using the data from 50 global stock markets, this article examines the impact of the COVID-19 pandemic on investor attention. Using Google search volume as a proxy for country-specific and worldwide investor attention, this article provides initial evidence on the relationship between the spread of the pandemic and investor attention. Our results suggest that the increasing number of daily deaths and confirmed cases significantly negatively impact investor attention. Results are robust to the country characteristics like the nature of the financial system, financial stability and investor attention risk pricing nature. Our results indicate a positive and significant impact of government responses for restoring investor attention in the market.
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    COVID-19 pandemic! It's impact on people, economy, and environment
    (Wiley, 2020-09) Debata, Byomakesh
    The paper reviews the (a) existing knowledge on corona virus disease (b) policy responses to it, and (c) its impact on the people, economic activities, and environment of India. The pandemic has increased a sense of fear and insecurity among people due to probable job and pay loss. As well, the nationwide lockdown imposed by the government has increased cases of domestic violence and child abuse. The industrial sectors—tourism, aviation, agriculture, construction, retail, hotels, textile, gems/jewellery, fast moving consumer goods (FMCG), manufacturing, and start-ups are temporarily closed leading to a significant revenue loss. Consequently, existence of many sectors and employability of a sizable number of employees is at stake. Despite the economic slowdown, the lockdown has become a boon for the environment to revive due to less pollution and reduced discharge of effluents to water from factories. The policy formulators should consider this as wakeup call and thereby align the people, economy, and environment strategically.