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Impact of COVID-19 on the national development of countries: Implications for the public health

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  • Olha Kuzmenko
  • Serhiy Lyeonov
  • Nataliia Letunovska
  • Mariya Kashcha
  • Wadim Strielkowski

Abstract

The article focuses on measuring the fluctuations in countries’ development as a result of the COVID-19 pandemic. The obtained measures make it possible to predict the extent of the impact of risks to public health on the economy, financial-budgetary, political-institutional development of states in the future, as well as the social determinants of public health. This assessment represents a new paradigm that makes it possible to effectively evaluate the manifestations of the consequences of COVID-19 and to identify the relevant determinants of the lack of resilience of the medical and social security systems to the coronavirus pandemic around the world. We picked the determinant of national development indicators of the 59 countries in order to measure the fluctuations in their economic development. In addition, we applied the binary response model for identifying the economic, financial-budgetary, and political-institutional development change with the happiness index of the countries being the dependent variable. The analysis of our empirical model made it possible for us to conclude that economic and financial-budgetary components have significantly increased the influence on well-being during the COVID-19 pandemic. In contrast, we observed the decrease in the impact of political and institutional indicators during the same period.

Suggested Citation

  • Olha Kuzmenko & Serhiy Lyeonov & Nataliia Letunovska & Mariya Kashcha & Wadim Strielkowski, 2023. "Impact of COVID-19 on the national development of countries: Implications for the public health," PLOS ONE, Public Library of Science, vol. 18(3), pages 1-15, March.
    • Handle: RePEc:plo:pone00:0277166
    DOI: 10.1371/journal.pone.0277166
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    References listed on IDEAS

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    1. Agnieszka Huterska & Anna Iwona Piotrowska & Joanna Szalacha-Jarmużek, 2021. "Fear of the COVID-19 Pandemic and Social Distancing as Factors Determining the Change in Consumer Payment Behavior at Retail and Service Outlets," Energies, MDPI, vol. 14(14), pages 1-18, July.
    2. Wadim Strielkowski & Irina Firsova & Svetlana Azarova & Irina Shatskaya, 2022. "Novel Insights in the Leadership in Business and Economics: A Post-Coronavirus Update," Economies, MDPI, vol. 10(2), pages 1-20, February.
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    5. Aleksy Kwilinski & Oleksii Lyulyov & Tetyana Pimonenko & Henryk Dzwigol & Rafis Abazov & Denys Pudryk, 2022. "International Migration Drivers: Economic, Environmental, Social, and Political Effects," Sustainability, MDPI, vol. 14(11), pages 1-17, May.
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