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Critical Analysis Of The Economic Effect Of Covid-19 On Sports Industry: A Comprehensive View Of Pakistani Sports Goods

Author

Listed:
  • AMIR JUNAID SHAH

    (Instructor Physical Education Elementary & Secondary Education Department Government of Khyber Pakhtunkhwa, Pakistan)

  • SHAHZADA KHURRAM IQBAL

    (Higher Education Department Government of Khyber Pakhtunkhwa, Pakistan)

  • MUHAMMAD IFTIKHAR

    (MS Scholar Sports Science & Physical Education Sarhad University of Science and Information Technology, Peshawar, Pakistan)

  • ASMAT TAHIRA ALI

    (Instructor Physical Education Elementary & Secondary Education Department Government of Khyber Pakhtunkhwa, Pakistan)

  • SHUMAILA NAZ

    (M.Phil Scholar Health, Physical Education & Sports Science Isra University Islamabad Campus Islamabad, Pakistan)

  • MUHAMMAD NAEEM SHAUKAT

    (PET, Government Elementary School Tanzeem Islami Maddrsa Mella Galli Bahawalpur, Pakistan)

  • SYEDA KHALIDA

    (Department of Sports Science & Physical Education, Gomal University D I Khan, Pakistan)

  • MUHAMMAD WAQAS AHMAD

    (Instructor Physical Education Elementary & Secondary Education Department Government of Khyber Pakhtunkhwa, Pakistan)

  • NAGHMA PARVEEN

    (Department of Sports Science & Physical Education, The Islamia University of Bahawalpur, Pakistan)

Abstract

The goods industry is a key contributor to the advancement of society as whole, economy, exports and financial services. Goods industry has potential to be the backbone of society's infrastructure, an engine of economic growth, creation of jobs, and a producer of essential goods and services for businesses and households. The purpose of the present study was to evaluate the economic effect of covid-19 on sports industry crisis due to pandemic and introduce their resilience solutions. This research was qualitative, with the convenient sampling technique was used to conduct it. The researchers used close ended online questionnaire through WhatsApp for data collection in which had 25 statements. The data was analyzed through SPSS 20.0 version and the state indicates that the formulated hypothesis was accepted and the result shows that here was negative effect of covid-19 on sports sector in Pakistan having mean of the tasting variable was 2.7106, SD was 0.43188 and sig difference was 0.071. The findings of the study stated that covid-19 has negative effect on sports sector and the study linked with another that COVID-19 pandemic affected all economic activities and crashed stock markets across the globe (Åženol, Z., & Zeren, F. 2020). According to the available evidence in this pandemic situation, there is no practical and complete planning, even after several months of the COVID pandemic. Therefore, planning to solve the economic problems of sports sector obviously requires time to gather information, conferences and plan. In addition, sports business owners expect that in such a situation, appropriate facilities will be provided for taxes and other possible facilities.

Suggested Citation

  • Amir Junaid Shah & Shahzada Khurram Iqbal & Muhammad Iftikhar & Asmat Tahira Ali & Shumaila Naz & Muhammad Naeem Shaukat & Syeda Khalida & Muhammad Waqas Ahmad & Naghma Parveen, 2022. "Critical Analysis Of The Economic Effect Of Covid-19 On Sports Industry: A Comprehensive View Of Pakistani Sports Goods," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 11(1), pages 243-246.
    • Handle: RePEc:rfh:bbejor:v:11:y:2022:i:1:p:243-246
    DOI: https://doi.org/10.61506//01.00423
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    References listed on IDEAS

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    1. Amir Junaid Shah & Shahzada Khurram Iqbal & Muhammad Iftikhar & Asmat Tahira Ali & Shumaila Naz & Muhammad Naeem Shaukat & Syeda Khalida & Muhammad Waqas Ahmad & Naghma Parveen, 2022. "Critical Analysis Of The Economic Effect Of Covid-19 On Sports Industry: A Comprehensive View Of Pakistani Sports Goods," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 11(1), pages 243-246.
    2. Carranza,Eliana & Farole,Thomas & Gentilini,Ugo & Morgandi,Matteo & Packard,Truman & Santos,Indhira Vanessa & Weber,Michael, 2020. "Managing the Employment Impacts of the COVID-19 Crisis : Policy Options for Relief and Restructuring (English)," Jobs Group Papers, Notes, and Guides 32579393, The World Bank.
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    5. Finn,Arden Jeremy & Von Der Goltz,Jan & Saidi,Mira & Sharma,Ambika, 2020. "Job Outcomes in the Towns of South Sudan: Jobs, Recovery, and Peacebuilding in Urban South Sudan- Technical Report I," Jobs Group Papers, Notes, and Guides 32506570, The World Bank.
    6. Pravakar Sahoo, 2013. "The Growing Dominance of China in South Asia: An Indian Perspective," The International Trade Journal, Taylor & Francis Journals, vol. 27(2), pages 111-141, June.
    7. Madeleine Andreff & Wladimir Andreff, 2009. "Global Trade in Sports Goods: International Specialisation of Major Trading Countries," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00443697, HAL.
    8. Barua, Suborna, 2020. "Understanding Coronanomics: The economic implications of the coronavirus (COVID-19) pandemic," MPRA Paper 99693, University Library of Munich, Germany.
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    1. Amir Junaid Shah & Shahzada Khurram Iqbal & Muhammad Iftikhar & Asmat Tahira Ali & Shumaila Naz & Muhammad Naeem Shaukat & Syeda Khalida & Muhammad Waqas Ahmad & Naghma Parveen, 2022. "Critical Analysis Of The Economic Effect Of Covid-19 On Sports Industry: A Comprehensive View Of Pakistani Sports Goods," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 11(1), pages 243-246.

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