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Does money buy health? evaluation of stock market performance and economic growth in the wake of the COVID-19 pandemic

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 tot...

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Main Authors: Bibi, Aisha, Khan, Imran, Zaman, Khalid, Sriyanto, Sriyanto, Sasmoko, Sasmoko, Khan, Aqeel
Format: Article
Language:English
Published: Public Library of Science 2022
Subjects:
HB Economic Theory
Online Access:http://eprints.utm.my/103659/1/AqeelKhan2022_DoesMoneyBuyHealth.pdf
http://eprints.utm.my/103659/
http://dx.doi.org/10.1371/journal.pone.0269879
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spelling my.utm.1036592023-11-22T00:23:17Z http://eprints.utm.my/103659/ Does money buy health? evaluation of stock market performance and economic growth in the wake of the COVID-19 pandemic Bibi, Aisha Khan, Imran Zaman, Khalid Sriyanto, Sriyanto Sasmoko, Sasmoko Khan, Aqeel HB Economic Theory 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. Public Library of Science 2022-07-06 Article PeerReviewed application/pdf en http://eprints.utm.my/103659/1/AqeelKhan2022_DoesMoneyBuyHealth.pdf Bibi, Aisha and Khan, Imran and Zaman, Khalid and Sriyanto, Sriyanto and Sasmoko, Sasmoko and Khan, Aqeel (2022) Does money buy health? evaluation of stock market performance and economic growth in the wake of the COVID-19 pandemic. PLoS ONE, 17 (7). pp. 1-30. ISSN 1932-6203 http://dx.doi.org/10.1371/journal.pone.0269879 DOI:10.1371/journal.pone.0269879
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
language English
topic HB Economic Theory
spellingShingle HB Economic Theory
Bibi, Aisha
Khan, Imran
Zaman, Khalid
Sriyanto, Sriyanto
Sasmoko, Sasmoko
Khan, Aqeel
Does money buy health? evaluation of stock market performance and economic growth in the wake of the COVID-19 pandemic
description 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.
format Article
author Bibi, Aisha
Khan, Imran
Zaman, Khalid
Sriyanto, Sriyanto
Sasmoko, Sasmoko
Khan, Aqeel
author_facet Bibi, Aisha
Khan, Imran
Zaman, Khalid
Sriyanto, Sriyanto
Sasmoko, Sasmoko
Khan, Aqeel
author_sort Bibi, Aisha
title Does money buy health? evaluation of stock market performance and economic growth in the wake of the COVID-19 pandemic
title_short Does money buy health? evaluation of stock market performance and economic growth in the wake of the COVID-19 pandemic
title_full Does money buy health? evaluation of stock market performance and economic growth in the wake of the COVID-19 pandemic
title_fullStr Does money buy health? evaluation of stock market performance and economic growth in the wake of the COVID-19 pandemic
title_full_unstemmed Does money buy health? evaluation of stock market performance and economic growth in the wake of the COVID-19 pandemic
title_sort does money buy health? evaluation of stock market performance and economic growth in the wake of the covid-19 pandemic
publisher Public Library of Science
publishDate 2022
url http://eprints.utm.my/103659/1/AqeelKhan2022_DoesMoneyBuyHealth.pdf
http://eprints.utm.my/103659/
http://dx.doi.org/10.1371/journal.pone.0269879
_version_ 1783876396995575808
score 13.211869

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