Entrepeneurship Project
Entrepeneurship Project
Entrepeneurship Project
Progress:
Over four million individuals have died as a result of the coronavirus disease (COVID-19)
outbreak since late 2019. Different vaccines have been developed and made available in various
nations to lessen the human and financial consequences of COVID-19. People's COVID-19
immunization rates have varied significantly among countries. In this study, public corruption is
the main factor used to explain why there are considerable differences between countries in the
rate of vaccination development. Taking into account other significant factors of immunization
achievement, we propose that nations with greater levels of governmental corruption before to
the pandemic had less success in immunizing their population.
In order to accomplish the aforementioned goal, it starts by fusing ideas from the Austrian
School of Economics, Public Choice Theory, and New Institutional Economics to develop an
explanation of corrupt transactions that reveals their causally significant processes. Its objective
is to shed light on the corruption concerns associated with legislative changes that lowered the
requirements for public procurement, making the Brazilian health system more susceptible to
corruption. The essay hypothesizes that more asymmetry in information, higher uncertainty, and
decreased transparency channels have had a significant impact on the emergence of corrupt
behaviors including bribery, kickbacks, theft, influence peddling, and cronyism. More
specifically, it makes the case that the dangers associated with corrupt trades in Brazil during the
COVID-19 epidemic are driven by rent-seeking and predatory political entrepreneurship. It
provides some evidence that the Rio de Janeiro state corruption scandals provide strong support
for the explanatory usefulness of the suggested theoretical approach. It concludes by restating the
main points, outlining some consequences for policy and raising new research issues.
Keywords: corruption, health, institutions, rent-seeking, political entrepreneurship.
About half of the difference in vaccination progress by the summer of 2021 can be attributed to
variations in corruption levels in 2020 alone. When other confounding factors are taken into
account, each interquartile rise in the corruption index results in a 15 percentage point decrease
in the fraction of the population that has received vaccinations. Additionally, corruption has a
very big unfavorable statistical impact. The results also demonstrate that one of the important
conduits government efficiency is a means by which corruption adversely influenced the
distribution of resources in a community. Corruption significantly reduces a state's ability to
create and carry out public programs and initiatives. The latter is essential for carrying out large-
scale health initiatives, including immunizing a larger population, effectively and efficiently. In
the event of pandemics like COVID-19, failing to regulate public corruption makes a
government's executive branch and health sector more vulnerable.
In addition to hindering economic progress, corruption also jeopardizes the lives of numerous
individuals worldwide by slowing down vaccination rates and decreasing vaccine coverage. Our
empirical evidence utilizing data at the national level supports the rumors and media reports
about the devastating effect that corruption had in the handling of the COVID-19 situation.
Our research has significant policy ramifications. Delaying the fight against corruption,
particularly in the developing world, can have a considerable negative impact on human capital
as well as long-term economic progress. Loss caused by pandemics. In other words, our findings
indicate that when we take into account the effects corruption has on everyone's health, the
overall costs of corruption might be significantly greater.
Public faith in the government may decline as a result of corruption in government
administration, which also worsens the relative deprivation of the populace. Income inequality,
which is more pronounced in corrupt countries, can affect people's access to health care and their
willingness to pay for it out of their own pockets. As a result, we would even anticipate a greater
chance of conflict and bloodshed during the epidemic due to corruption. If the government is less
able to intervene in the market and aid the underprivileged people during the epidemic, the
chance of instability is higher. Recent research has shown that COVID-19 has a greater impact
on conflict in nations with inadequate governance63.Our findings may also point to a potential
rise in public understanding of the significance of combating corruption. As a result of firsthand
experiencing the costs of public corruption under COVID-19, citizens may be more ready to
support anticorruption initiatives. Our findings indicate that effective pandemic management
depends on the level of economic growth. Corruption may continue to harm societal health
outcomes over time by slowing down economic progress. One drawback of our research by the
summer of 2021 is that we explain regional differences in vaccine coverage. Vaccinations
continue to be administered all around the world since the epidemic has not yet been contained.
Future study is thus required to fully understand the impact of corruption after the pandemic has
ended.
Second, even though we made an effort to account for any confounding variables in addition to
our primary outcome variable (corruption), it is probable that we missed some important
variables. Nevertheless, we think that given the strong explanatory power of our general
specification (about 80%), this possible constraint shouldn't be a serious problem. Finally, even
while there are valid explanations for how corruption affects the progress of the COVID-19
immunization, it is also possible that these initiatives have an impact on public corruption. By
adopting a corruption index from 2020 and verifying our findings with corruption data, we have
attempted to decrease the danger of negative feedback by utilizing 2019 corruption rankings.
Throughout 2021, COVID-19 immunization campaigns become more widespread. The
likelihood that the COVID-19 pandemic and the immunization campaigns of 2020–21
significantly impacted corruption in 2019 or 2020 should be reduced. The role of private
corruption in COVID-19 vaccines and the many forms of corruption used during the various
stages of vaccination development across nations may also be further explored in future studies.
(4) The Covid-19 pandemic and entrepreneurship and some
reflections:
Purpose: The Covid-19 epidemic has had an enormous impact on the whole planet. The 2020
economic downturn is predicted to be the worst since World War II. With a special emphasis on
emerging nations, the current research analyzes the anticipated effects of the Covid-19 pandemic
problem on entrepreneurship and new venture activities.
The article then aims to clarify how these shocks will affect the various steps and goals of the
entrepreneurial process.
Findings: Our research shows that while the pandemic's effects on entrepreneurship will
usually be negative; they may not be as severe as first feared. At first, we would anticipate a
significant decline in entrepreneurial activity. However, necessity-driven entrepreneurship is
expected to take off shortly after that. High-potential entrepreneurial activity might also be
encouraged concurrently, albeit to a lower amount, provided the recovery is swift and there is
enough support from the environment and institutions.
(1) Even if the Corruption Act has established a strong danger to those who engage in corruption
committed during a crisis, with a potential sentence of death; corruption of the Covid-19 Social
Assistance Agency is damaging to the Indonesian people who were badly afflicted by the
epidemic.
(2). Through access to community-based reporting, the KPK-RI, which is Indonesia's leading
sector for the fight against corruption, may work with a variety of community organizations to
eradicate corruption in Indonesia, including the corruption of Covid-19 social aid.
(3). A notable example of how social entities are able to reduce the risk of social assistance
corruption of Covid-19, which is carried out both with a structural and cultural approach, is the
participatory action research carried out by Muhammadiyah East Java people.
Based on the results of this study, we propose that COVID-19-induced lockdown paralyzed
entrepreneurial women's financial assets, working against their ability to support themselves, be
independent, and develop in their careers. The shocks, tensions, and restlessness experienced by
the businesswomen were made worse by market closures, mobility permits, fraud in the COVID-
19 relief fund transfer, and subsidized mealie-meal. As a result, we draw the conclusion that
COVID-19's effects not only jeopardized countries' food security and health systems, but also,
and perhaps more importantly, paralyzed the livelihoods of entrepreneurial women. However,
women in the African context, musha mukadzi - without a mother there is no home.
Key words: Agreement; Civil Law; Learning; prevention of corruption; regulation; Social
crisis.
I concentrate more on comprehending traders' decisions about the marketplaces, suppliers, types
of commodities, volumes, and trade routes they employ (formal vs unofficial trading channels)
as well as throw light on switching costs. In addition to adding to the literature on the elasticity
of informal trade with regard to tariffs, I also investigate the connection between equilibrium
costs incurred in formal and informal commerce. Additionally, I look at the interdependencies
between equilibrium costs incurred via formal and informal trade routes, including bribery, in
addition to adding to the literature that examines the elasticity of informal commerce with regard
to tariffs. I demonstrate that over a month, constraints forced over 20% of traders out of business
while the bulk of cross-border traders shifted to local supply chains by gathering data from over
ten rounds of high frequency panels.
The remaining cross-border traders switched to using unofficial border crossings, which, in my
estimation, increased the incidence of corruption, the amount of bribes paid, and official and
police harassment.
This reinforced the interdependence between formal and informal trade and the necessity of
taking both sectors into account when formulating policy. In addition, I demonstrate how
resilience varies by trader type, industry, and gender.
Although the government has offered incentives and support funding, they may only be available
for three months. Tools provided by Islamic Social Finance (ISF) provide access to the monies
(Zakat, Waqf, Baytulmal, Ar-rahnu). It is important to understand how far the ISF's fund
assistance can support micro entrepreneurs and help them survive in their businesses, even while
this mitigates risks for them. Therefore, this study aims to use the Partial Least Squares-
Structural Equation Modeling (PLS-SEM) approach to examine the role of Islamic social
financing in stabilizing micro entrepreneurs' income during the COVID-19 epidemic. Between
June and August 2020, 200 questionnaires including a survey were given out to microbusiness
owners in three states of Malaysia. The results demonstrate that ISF was crucial in maintaining
revenue among microbusiness owners throughout the COVID-19 epidemic.
Overall, zakat has the strongest, most overwhelmingly favorable association with monetary
stability. As a result, micro entrepreneurs are using it as a crucial instrument to stabilize their
revenue during COVID-19.
It is crucial to raise productivity, foster innovation, and make investments in human capital in
order to finish the convergence process, profit from a future migration of global value chains to
Europe, and prevent long-lasting negative effects of the economic shocks.
The European Commission has established a comprehensive support program to assist Member
States in reducing the economic slump and other economic and social harm as a result of the
Covid-19 epidemic. Our findings emphasize how crucial it is to keep an eye on how this support
program is being used, guard against abuse and irregularities, and reduce the possibility of
corruption, particularly in the EEE where the standard of governmental institutions is relatively
low and the rule of law is weaker. Because there is a larger likelihood that EU subsidies may
enhance corruption and erode market competition, the usage of EU subsidies and the dangers of
corruption in the EEE need to be thoroughly addressed.
Our study' findings indicate that the EEE failed to make progress on SDGs 7 and 13 in 2019. By
2020, Covid had further regressed the area. On SDG7,
Covid showed a moderately detrimental effect, however the effects on SDG13 are less clear.
Regarding long-term objectives, the European Union has set a 2050 target of carbon neutrality,
which entails net zero emissions of greenhouse gases. . These goals will be missed unless new
policies are put in place, according to past tendencies. The total annual energy usage (TOE per
person) in 2019 exceeded the mandated 2020 objectives established in 2012. (Eurostat, 2021).
The inability to become better, i.e., reduce energy use, shows how little has been done to
separate economic growth from energy consumption. Three proposals for policy are made in this
chapter: 1) The EEE cannot "succeed" in achieving their SDGs with "creative carbon
accounting." Energy efficiency measures must be prioritized in national and regional economic
recovery plans, particularly for the poorest families, and renewable energy sources must be
defined in terms of resiliency for the environment and society. Economic growth and energy
consumption must be separated.
9. Acknowledgement:
This chapter examines how the Covid-19 epidemic has affected the pension and aging systems in
emerging European economies. It gives stylized information from recent decades in the first
section. The three most significant findings are that:
(1) Life expectancies at 65 differ within the EEE and still lag behind older EU members
(2) The total fertility rate in the EEE is around 1.5 and is only slowly increasing
(3) Mandatory private pillars were established in most EEE members between 1998 and 2010,
but they were reduced or even eliminated starting in 2011.
The second section examines how the Covid-19 outbreak has affected pension systems. This is
significant since current pension systems and economic advances are greatly influenced by
changes in the age structure of the population. We discover that the EEE has a per capita victim
count that ranges from extremely high to average, which causes a brief decline in GDP and life
expectancy. The pandemic's financial impact on pension systems in the EEE is minimal, though,
given the rise in mortality is probably just transitory. However, it may still result in significant
policy changes pertaining to pensions.
10.Public Education:
This chapter provides evidence that, even before the pandemic, there were significant variations
among the Emerging European Economies (EEE) in terms of the quality of their public
education systems and, therefore, their human capital stocks. While young people in the majority
of the EEE receive the same amount of public education—or perhaps more—than the typical
student in the EU15, public education quality metrics in these nations vary greatly. Young
people's fundamental skill levels in the majority of EEE are lower than those in more developed
nations. There is mounting evidence that the middle-income trap's formation and endurance are
significantly influenced by middle-income nations' incapacity to raise the standard of public
education. The pandemic had a significant impact on the EEE's education systems throughout the
last two academic years (the second halves of 2019/2020 and 2020/2021), despite their extremely
varying quality. Schools were shut down, and only about one-fifth of education in the EEE was
conducted under "regular" circumstances. Large learning losses have resulted from this, and this
chapter analyses the amount of those losses using available statistics as well as the authors' own
estimations and computations. Accordingly, it is asserted that the epidemic not only made
already-existing gaps worse, but also exposed EEE with previously successful public education
programs to the possibility that their advantage would vanish if they are unable to counteract the
pandemic's consequences. This might ultimately result in these nations sliding into the middle-
income trap. However, this may be prevented by implementing effective educational policy
measures, for which the chapter also provides some recommendations.
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14. https://doi.org/10.1101/.05.22.20110387.
15. Naomi, P., Akbar, I., & Annas, F. B. (2022). Corruption and Demography during the
COVID-19 Pandemic in Indonesia. Economics and Business Quarterly Reviews, 5(2), 201-
213.