Literature review on COVID19s Impact over the Global Economy A Statistical Analysis_Asset_week

LITERATURE REVIEW ON

COVID19'S IMPACT OVER

THE GLOBAL ECONOMY: A

STATISTICAL ANALYSIS

An Academic presentation by

Dr. Nancy Agnes, Head, Technical Operations, Tutors India

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Outline

Impact on global economic development

Tracking COVID 19's impact on economic

Gross Domestic Product (GDP)

Past pandemics impact on GDP and economic growth

Conclusion

Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm | Resit Dissertation | Powerpoint | Poster

This blog provides an overview of the literature assessment of the

pandemic's effects on the international economy by summarising the

pandemic's effects on different segments of the global economy, with a

focus on three economic sectors:

Primary sectors - Industries that depend on raw materials from natural

sources such as the Agricultural Industry, and Petroleum& Oil industry.

Secondary sectors - Manufacturing industries such as Construction, and

Supply of Gas, Water, and Power


Tertiary sectors – Service industries

such as Education, Finance,

Healthcare, and Pharmaceutical

Industries; Hotel, Tourism, and

Aviation; Sports Industry; Real Estate

and Housing Sector; Information

Technology, Media, and Research

and Development; and Food Sector

Before you start writing an impactful

literature review, you must plan out

the work, and list down essential

steps and questions you want to

clear. These are essential steps

before starting your research.


Impact on global economic

development

The world's top 10 economies are on the verge of collapse, including the United

States, Japan, Germany, China, the United Kingdom, France, India, Italy, Brazil,

and Canada.

Furthermore, financial markets all around the world have been crushed, and tax

revenue sources have come to all-time low.

This research shows the impact of infection-related epidemics on worldwide

economic development.

It analyzes the current situation and states that the virus is expected to outstrip

global economic growth by more than 2.0 % per month.


The research conducted by Parag Verma, Ankur Dumka [1] shows the impact of COVID-19

on the economic growth and stock market as well.

The aim of their research is to show how well COVID-19 correlates with economic growth

through gross domestic products (GDP).

In addition, they consider the top five other tax revenue sources and correlate them with

the COVID-19, like


S&P500 (GPSC),

Crude oil (CL=F),

Gold (GC=F),

Silver (SI=F),

Natural Gas (NG=F),

iShares 20+Year Treasury Bond (TLT)

Writing a literature review for a research project is a long and complicated process. If

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Tracking COVID 19's impact on economic

To fulfil the statistical analysis purpose, they used publicly accessible data from the

IMF, Yahoo Finance, and John Hopkins COVID-19 map with regression models that

revealed a moderated positive correlation between them.

The model was used to track COVID 19's impact on economic variation and the stock

market to determine how well and how long ahead of time the prediction holds true,

if at all.

The objective is that the model will be able to correctly identify changes a few

quarters ahead of time and explain why they are occurring.

Their research on statistical analysis mainly supports policymakers, business

strategy makers, and investors in understanding the situation and using the model

for prediction.



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Gross Domestic Product (GDP)

The expenditure method proposed by Atal Incubation Center, EMPI, New Delhi, India

[5] The total spending on goods and services by all organizations within a country's

domestic boundaries is measured.

The following is the formula for calculating GDP using the spending method: GDPexp. =

CG&S + IB + GP&S + Net Export

Where,

CG&S + IB + GP&S - denotes the total consumer spending on goods and services,

IB - denotes the total investor spending on business capital goods,

GP&S – represents the government's spending on public goods and services,

Net export = Export-Import i.e net denotes the difference between export and import



These countries are the fuel of development, controlling roughly 66.49 % of the global

economy (details in Table 3 according to the World Bank's update, published in July

2019). [5]

Consumer spending contributes significantly to global GDP growth.

For example, the US economy has outperformed in recent years, with a major reason

being that nearly 70% (two-thirds) of GDP is contributed by consumer spending, while

government budgets and business investment contribute 20% and 15%, respectively.

According to IMF data, the US GDP is currently at a deficit of 5.9%.

COVID 19 Literature Review Help in analyzing the pandemic's effects on the

international economy


Past pandemics impact

on GDP and economic

growth

The study explains the previous epidemics and the

effects of epidemics on the revenue-generating

regions of different countries, which directly or

indirectly affect the world economy.

Literature survey of past pandemics impact on GDP

and economy growth [2]



(*ppt: parts-per-thousands)

A dissertation literature review contributes 40 % of weight.

Hence, more effort should be taken to collect exhaustive, up-to-date literature published

from various countries.

If you have difficulty in research data collection, you can contact Tutors India literature

review service.


Conclusion

The S&P 500 stock index and other assets were heavily influenced during the COVID-19

period .

In addition, the S&P 500 stock index has already fallen by 28.67 %.

It is currently 12.20 below the September 2020 index value as of April 22, 2020.

In summary, the global economies would be more devastating if the virus is not

prevented in the short term since it will eventually cause long-term effects on them.

Hence, it is essential that governments and international entities work together in the

future to mitigate the economic consequences of the virus's effects.


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