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New Measures of the COVID-19 Pandemic - A New Time-Series Dataset

Paresh Kumar Narayan, Bernard Njindan Iyke and Susan Sunila Sharma ()
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Susan Sunila Sharma: Monash University, Deakin University

Asian Economics Letters, 2021, vol. 2, issue 2, 1-13

Abstract: The multitude of papers exploring the effects of the COVID-19 pandemic over the last 12 months has motivated us to develop new, alternative measures of COVID-19. One limitation of current research has been the lack of robustness in quantifying the effects of the pandemic. We use a novel approach, word searches from popular newspaper articles, to capture key variants of proxies for the pandemic. We thus construct six different indices relating to the COVID-19 pandemic, including a COVID index, a medical index, a vaccine index, a travel index, an uncertainty index, and an aggregate COVID-19 sentiment index.

Keywords: index; pandemic; covid-19 (search for similar items in EconPapers)
JEL-codes: I10 (search for similar items in EconPapers)
Date: 2021
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