Abstract
This paper reports the effects of coronavirus on Jordan's economic growth by using quarterly data for the period (2018/2019 Q1 – 2019/2020 Q4), where the numbers of people who are sick with coronavirus and those that have died from the virus are explanatory variables, and economic growth is an affected variable. The research concentrates on analyzing reviews of theoretical and empirical literature to show the effect of coronavirus on economic growth and explaining this effect in Jordan in this period by using the ARDL technique in Eviews. By using quarterly data for (2018/2019 Q1 – 2019/2020 Q4) at a significance level of 5%, this research demonstrates that the numbers of people who are ill with coronavirus and those that have died from the virus have a weak positive effect and a negative but significant effect on the economic growth of Jordan, respectively. The research also shows a recommendation of limiting the negative effects of coronavirus by reducing the number of deaths via strengthening the health service and opening some economic sectors to boost economic growth in the country.
Highlights
Coronavirus first appeared in Wuhan city, China on 31 December 2019
The above table and chart refer to a negative effect of the number of people who are ill with coronavirus and the number of people who have died from the virus on Jordan's economic growth; because when the numbers of people who are ill with coronavirus and those who have died from the virus increase, the economic growth of the country lowers
The research uses ARDL technique to test the effects of the number of people who are ill with coronavirus and number of people who have died from the virus on Jordan's economic growth by using quarterly data for (2018/2019 Q1 – 2019/2020 Q4) as follows: Dependent Variable: GR Method: ARDL
Summary
Coronavirus first appeared in Wuhan city, China on 31 December 2019. Coronavirus belongs to an enormous infectious group of viruses. The World Health Organization works with a huge group of governments, specialists, and other organizations to give advice and guidance to countries about preventive measures of the coronavirus disease As of 16 March 2020, there were about 167,511 confirmed persons who were ill with coronavirus and 6,606 persons who have died from the virus in the world. Coronavirus is a pandemic that has a lot of effects. There are political and economic impacts of coronavirus. A lot of channels such as trade, investment, and a decline in oil prices can transfer the effect of coronavirus on the economies of countries The research estimates coronavirus impact on Jordan's economic growth by using quarterly data for (2018/2019 Q1 – 2019/2020 Q4), by showing literature review on coronavirus impact on economic growth and estimating the impact of the virus on Jordan's economic growth using the ARDL technique in Eviews
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