Department of Economics, The University of Haripur, Haripur Khyber Pakhtunkhwa, Pakistan.
Social Studies Department, Universitas Muhammadiyah Purwokerto, Jawa Tengah, Indonesia.
PLoS One. 2022 Jul 6;17(7):e0269879. doi: 10.1371/journal.pone.0269879. eCollection 2022.
The novel coronavirus pandemic of 2019 (COVID-19) has significantly harmed numerous social and economic activities worldwide, drawing researchers and governments' attention to the problem and tackling it via persistent healthcare measures. The study's primary purpose is to examine the effects of total coronavirus cases, total fatalities, total recovered cases, unemployment, and trade openness on stock prices and economic growth in the world's top 39 affected nations. An analysis of the coronavirus outbreaks found that wealthier countries had a well-established healthcare infrastructure, but they were disproportionately affected by the virus. Conversely, the less wealthy nations had inadequate healthcare infrastructures, but they were not as affected as the wealthier countries. Is it possible to buy health with money? That was the question at the heart of the study's money-and-health curve. The robust least square regression results indicate that an increase in coronavirus cases influences economic growth and stock market performance due to massive healthcare funding distributed globally, sustaining economic and financial activities for a shorter period. However, a continuous increase in coronavirus fatalities depresses the stock market, resulting in financial depression worldwide. Additionally, a rise in overall coronavirus recovered cases has a negative effect on the country's economic development and stock market performance because of greater uncertainty in economic and financial activities. Case fatality ratios influence economic growth, whereas case recovery ratios decrease economic and financial performance due to greater healthcare concerns across countries. Finally, trade openness is critical in sustaining the country's economic development and stock market performance in the wake of the COVID-19 epidemic.
2019 年新型冠状病毒疫情（COVID-19）严重损害了全球众多社会和经济活动，引起了研究人员和政府的关注，并通过持续的医疗保健措施来解决这一问题。本研究的主要目的是检验全球前 39 个受影响国家的冠状病毒总病例、总死亡人数、总治愈人数、失业率和贸易开放度对股票价格和经济增长的影响。对冠状病毒爆发的分析发现，较富裕国家拥有完善的医疗保健基础设施，但它们受到病毒的不成比例影响。相反，较贫穷国家的医疗保健基础设施不足，但它们受到的影响不如富裕国家严重。是否可以用钱买健康？这就是研究中金钱与健康曲线的核心问题。稳健的最小二乘回归结果表明，由于全球范围内大量分配的医疗保健资金，冠状病毒病例的增加会影响经济增长和股票市场表现，从而在较短时间内维持经济和金融活动。然而，冠状病毒死亡人数的持续增加会压低股票市场，导致全球金融萧条。此外，由于各国对经济和金融活动的不确定性增加，冠状病毒总治愈病例的增加对国家的经济发展和股票市场表现产生负面影响。病例病死率影响经济增长，而病例康复率则因各国对医疗保健的担忧增加而降低经济和金融表现。最后，贸易开放度对于在 COVID-19 疫情后维持国家经济发展和股票市场表现至关重要。
