PANDEMIC COSTS: COMPARATIVE STUDY BETWEEN COUNTRIES AND SOCIO-ECONOMIC AREAS

Aurora Cosma, Laura Agata Toc, Andreea Daniela Tudor and Alina Georgiana Petre

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2020, vol. 14, issue 1, 994-1000

Abstract: The pandemic outbreak of COVID-19 has generated in many countries across the world times with very challenging socio-economic and living consequences. The goal of this study is to analyze the socio-economic impact of COVID-19 and focus on how the pandemic generates costs. A literature review was conducted to see the economic consequences of the global pandemic crisis in several countries. In this paper, we discuss the variation of the costs caused by SARS CoV-2, the virus that’s causing COVID-19. This research also shows the variation of GDP and the evolution of the human resources during the pandemic. The conclusions are focused on measures that might help reduce the negative impact of the pandemic on socio-economic activities and lifestyle, in general. This paper may lead to the opening of future research regarding programs to prevent and eradicate the negative economic consequences caused by the COVID-19 pandemic crisis.

Keywords: Cost; Pandemic; COVID-19; GDP; Global; Human resource (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:14:y:2020:i:1:p:994-1000

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