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

Author

Listed:
  • Yasmeen, Sadia

    (University of Management and Technology, Pakistan)

  • Sohail, Hadia

    (University of Management and Technology, 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.

Suggested Citation

  • Yasmeen, Sadia & Sohail, Hadia, 2020. "Economics of COVID-19: A case of Punjab, Pakistan," Empirical Economic Review, Department of Economics and Statistics, Dr Hassan Murad School of Management, University of Management and Technology, Lahore, vol. 3(2), pages 10-30.
  • Handle: RePEc:ris:empecr:0027
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    File URL: https://ojs.umt.edu.pk/index.php/eer/article/view/464/183
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    More about this item

    Keywords

    COVID Incidence Curve; Economic Recession; Smart Lockdown;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

    Statistics

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