Economics of COVID-19: A case of Punjab, Pakistan
Abstract
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
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Copyright (c) 2020 Sadia Yasmeen, Hadia Sohail
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