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Socio-economic and environmental factors in the global spread of COVID-19 outbreak
COVID-19 is a virus with a very fast spread rate in the world. Therefore, knowledge of factors that may explain such spread is paramount. The main objective of this research was to analyze the determinants of the virus spread worldwide. Unlike previous studies that were limited to traditional factor...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Published by Elsevier Ltd on behalf of University of Venice.
2022
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9376149/ https://www.ncbi.nlm.nih.gov/pubmed/35990406 http://dx.doi.org/10.1016/j.rie.2022.08.001 |
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author | Zoungrana, Tibi Didier Yerbanga, Antoine Ouoba, Youmanli |
author_facet | Zoungrana, Tibi Didier Yerbanga, Antoine Ouoba, Youmanli |
author_sort | Zoungrana, Tibi Didier |
collection | PubMed |
description | COVID-19 is a virus with a very fast spread rate in the world. Therefore, knowledge of factors that may explain such spread is paramount. The main objective of this research was to analyze the determinants of the virus spread worldwide. Unlike previous studies that were limited to traditional factors, this research extends the analysis to government measures (quarantine, containment, and response budget) against the spread of the virus. Thus, an econometric model relating the variable of interest to a number of variables was carried out using the Ordinary Least Squares (OLS) and the Two Steps Least Squares (2SLS) methods on a sample of 163 countries. The main findings indicate that economic factors such as the level of development, the degree of trade openness and the response budget to the COVID-19 pandemic, have a positive effect on the spread of the virus. With regard to social factors, the population density and confinement are major causes of the spread of the virus. Finally, temperature contributes to reduce the spread of the virus. These findings are robust to the estimation technique and to the measurement of the spread of the virus considered. In the light to these findings, implications for economic policies have been drawn. |
format | Online Article Text |
id | pubmed-9376149 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | Published by Elsevier Ltd on behalf of University of Venice. |
record_format | MEDLINE/PubMed |
spelling | pubmed-93761492022-08-15 Socio-economic and environmental factors in the global spread of COVID-19 outbreak Zoungrana, Tibi Didier Yerbanga, Antoine Ouoba, Youmanli Res Econ Article COVID-19 is a virus with a very fast spread rate in the world. Therefore, knowledge of factors that may explain such spread is paramount. The main objective of this research was to analyze the determinants of the virus spread worldwide. Unlike previous studies that were limited to traditional factors, this research extends the analysis to government measures (quarantine, containment, and response budget) against the spread of the virus. Thus, an econometric model relating the variable of interest to a number of variables was carried out using the Ordinary Least Squares (OLS) and the Two Steps Least Squares (2SLS) methods on a sample of 163 countries. The main findings indicate that economic factors such as the level of development, the degree of trade openness and the response budget to the COVID-19 pandemic, have a positive effect on the spread of the virus. With regard to social factors, the population density and confinement are major causes of the spread of the virus. Finally, temperature contributes to reduce the spread of the virus. These findings are robust to the estimation technique and to the measurement of the spread of the virus considered. In the light to these findings, implications for economic policies have been drawn. Published by Elsevier Ltd on behalf of University of Venice. 2022-12 2022-08-15 /pmc/articles/PMC9376149/ /pubmed/35990406 http://dx.doi.org/10.1016/j.rie.2022.08.001 Text en © 2022 Published by Elsevier Ltd on behalf of University of Venice. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active. |
spellingShingle | Article Zoungrana, Tibi Didier Yerbanga, Antoine Ouoba, Youmanli Socio-economic and environmental factors in the global spread of COVID-19 outbreak |
title | Socio-economic and environmental factors in the global spread of COVID-19 outbreak |
title_full | Socio-economic and environmental factors in the global spread of COVID-19 outbreak |
title_fullStr | Socio-economic and environmental factors in the global spread of COVID-19 outbreak |
title_full_unstemmed | Socio-economic and environmental factors in the global spread of COVID-19 outbreak |
title_short | Socio-economic and environmental factors in the global spread of COVID-19 outbreak |
title_sort | socio-economic and environmental factors in the global spread of covid-19 outbreak |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9376149/ https://www.ncbi.nlm.nih.gov/pubmed/35990406 http://dx.doi.org/10.1016/j.rie.2022.08.001 |
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