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Impact of pandemic COVID‐19 on global economies (a seven‐scenario analysis)
Author(s) -
Jawad Muhammad,
Maroof Zaib,
Naz Munazza
Publication year - 2021
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.3337
Subject(s) - computable general equilibrium , dynamic stochastic general equilibrium , economics , pandemic , covid-19 , general equilibrium theory , life expectancy , econometrics , macroeconomics , mathematical economics , monetary policy , sociology , virology , medicine , population , demography , disease , pathology , biology , outbreak , infectious disease (medical specialty)
Coronavirus (COVID‐19) has affected life expectancy and disturbed economic growth. In pursuance of a better understanding of the probable economic consequences, the present research evaluates seven diverse scenarios/situations to anticipate the possible progression of COVID‐19 using a global hybrid dynamic stochastic general equilibrium (DSGE)–computable general equilibrium (CGE) general equilibrium model and also investigates the macroeconomic outcomes.