Economics of COVID-19: A case of Punjab, Pakistan

  • Sadia Yasmeen PhD Scholar, University of Management and Technology
  • Hadia Sohail PhD Scholar, University of Management and Technology
Keywords: COVID Incidence Curve, Economic Recession, Smart Lockdown

Abstract

Desperate times call for desperate measures. This study explores those assessment tools which may enlighten the current pand emic 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.

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Published
2020-12-02
How to Cite
Yasmeen, S., & Sohail, H. (2020). Economics of COVID-19: A case of Punjab, Pakistan. Empirical Economic Review, 3(2), 10-30. Retrieved from https://ojs.umt.edu.pk/index.php/eer/article/view/464