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 Group www.tutorsindia.com Email: info@tutorsindia.com
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
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This blog provides an overview of the literature assessment of the p andemic'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
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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.
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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.
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The research conducted by Parag Verma, Ankur Dumka [1] shows the impact of COVID19 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
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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 Dissertation | Assignment Essay | Statistical Analysis Coding & Algorithm | Resit Dissertation |
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. Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm
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Tutors India dissertation statistical analysis services online are expertise in handling AMOS, regression, PLS, Bayesian methods, causal inference, hierarchical models. We also help you calculate the sample size, design mockup tables, figures as part of the statistical analysis plan.
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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
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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 Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm
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Past pandemics impact on GDP and economic growth The study explains the previous epidemics and the effects of epidemics on the revenuegenerating regions of different countries, which directly or indirectly affect the world economy. Literature survey of past pandemics impact on GDP and economy growth [2]
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(*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.
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Conclusion The S&P 500 stock index and other assets were heavily influenced during the COVID19 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. Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm
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