Impact of COVID 19 on Global Economy- A study on Econometrics Model using R software

Volume 5, Issue 4, August 2020     |     PP. 90-109      |     PDF (739 K)    |     Pub. Date: September 25, 2020
DOI:    193 Downloads     6525 Views  

Author(s)

Mamatha H.K, Department of Health System Management Studies, JSS Academy of Higher Education & Research, Mysuru, Karnataka, India
Sushant, Faculty of Life Sciences, JSS Academy of Higher Education & Research, Mysuru, Karnataka, India
Ravikumar, Faculty of Life Sciences, JSS Academy of Higher Education & Research, Mysuru, Karnataka, India
Sridhar R, Sri Ramakrishna Mission Vidyalaya, Coimbatore, Tamilnadu, India
Suresh Bhojraj, JSS Academy of Higher Education & Research, Mysuru, Karnataka, India
Balasubramanian S, Faculty of Life sciences, JSS Academy of Higher Education & Research, Mysuru, Karnataka, India

Abstract
Human health is the backbone for healthy nations and healthy economy of nations. But the new and emerging diseases like COVID-19 a global pandemic, posed health as well as economic challenges exposing the vulnerability of healthcare systems of all countries irrespective of their development status. Livelihood is affected because of inability to procure basic amenities impacting the national economy in terms of decrease in GDP.This study is an attempt to map the distribution of the COVID-19 cases across nations and its impact on the national GDP when compared to 2019 and the predicted GDP for 2020 using R software. 159 countries were considered for the study and a total of 190409 COVID-19 positive cases (19th March 2020). The GDP of each of the country in 2019 and 2020 are considered and the effect on economy in terms of GDP is displayed as maps in the software. (source: The World Bank). The overall effect is obtained as the difference in predicted GDP to actual post COVID reflecting the challenges before the system.

Keywords
Pandemic, COVID-19, Health Econometrics, GDP, R software

Cite this paper
Mamatha H.K, Sushant, Ravikumar, Sridhar R, Suresh Bhojraj, Balasubramanian S, Impact of COVID 19 on Global Economy- A study on Econometrics Model using R software , SCIREA Journal of Computer. Volume 5, Issue 4, August 2020 | PP. 90-109.

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