Economy Impact of the COVID-19 Prevention Policy on Business Continuity and Welfare of Street Vendors

Abstract

There is quite a lot of research on COVID-19, but research on the impact of COVID-19 prevention policies on business continuity and the welfare of street vendors has not been widely studied. This study examines the economic impact of COVID-19 prevention policies on business continuity and the welfare of street vendors. The regression value or the effect of the COVID-19 prevention policy on business continuity is 0.918. The coefficient of determination is 0.842, which means that the impact on business continuity is 84.2%. The regression value of the COVID-19 prevention policy on the welfare of street vendors is 0.934, with a coefficient of determination of 0.873. This means that the impact of the COVID-19 prevention policy on the welfare of street vendors is 87.3%. This study has limitations in one location in Semarang, and the research subjects are mostly culinary street vendors. The direction of future research is the impact of policies related to the pandemic or national economic crisis and the global crisis on the business continuity of street vendors and other informal economy business actors.