Open AccessEconomics of COVID-19: A case of Punjab, Pakistan
Author(s) -
Shazia Yasmeen,
Hadia Sohail
Publication year - 2020
Publication title -
empirical economic review
Language(s) - English
Resource type - Journals
eISSN - 2522-2465
pISSN - 2415-0304
DOI - 10.29145/eer/32/030202
Subject(s) - covid-19 , recession , government (linguistics) , pandemic , prime minister , actuarial science , economics , development economics , political science , medicine , macroeconomics , law , virology , politics , linguistics , philosophy , disease , pathology , outbreak , infectious disease (medical specialty)
Desperate times call for desperate measures. This study explores those assessment tools which may enlighten the current pandemic situation. It assesses the link between the COVID-19 incidence and its effects on the length of the expected recessionary period in the region. Being a developing economy, the Prime Minister of Pakistan feared that the severity of recession because of a strict lockdown may not be tolerable. This study developed a theoretical model to explain the possible parameters and tradeoffs which can help in the decision to ease the lockdown. Previously, social and print media focused on the reporting of COVID-19 cases and consequently, its mortality rate. This study used the relative forms of recovery and mortality rates to assess their quadratic/nonlinear pattern with respect to time. It is proposed here that the government should use more complicated plots to assess how COVID-19 is evolving and should also prepare a fact-finding team to assess the situation for easing the lockdown.
Received Date: June 30, 20202 Last Received: October 10, 2020 Acceptance: December 8, 2020