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Pandemic Costs: Comparative Study Between Countries And Socio-Economic Areas

Author

Listed:
  • Aurora COSMA
  • Laura Agata TOC
  • Andreea Daniela TUDOR
  • Alina Georgiana PETRE

Abstract

The pandemic outbreak of COVID-19 has generated in many countries across the world times with very challenging socio-economic and living consequences. The goal of this study is to analyze the socio-economic impact of COVID-19 and focus on how the pandemic generates costs. A literature review was conducted to see the economic consequences of the global pandemic crisis in several countries. In this paper, we discuss the variation of the costs caused by SARS CoV-2, the virus that’s causing COVID-19. This research also shows the variation of GDP and the evolution of the human resources during the pandemic. The conclusions are focused on measures that might help reduce the negative impact of the pandemic on socio-economic activities and lifestyle, in general. This paper may lead to the opening of future research regarding programs to prevent and eradicate the negative economic consequences caused by the COVID-19 pandemic crisis.

Suggested Citation

  • Aurora COSMA & Laura Agata TOC & Andreea Daniela TUDOR & Alina Georgiana PETRE, 2020. "Pandemic Costs: Comparative Study Between Countries And Socio-Economic Areas," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(1), pages 994-1000, November.
    • Handle: RePEc:rom:mancon:v:14:y:2020:i:1:p:994-1000
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    References listed on IDEAS

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    1. Ashraf Elsafty & Mohammad Ragheb, 2020. "The Role of Human Resource Management Towards Employees Retention During Covid-19 Pandemic in Medical Supplies Sector - Egypt," Business and Management Studies, Redfame publishing, vol. 6(2), pages 5059-5059, December.
    2. -, 2020. "The effects of the coronavirus disease (COVID-19) pandemic on international trade and logistics," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 45878 edited by Eclac.
    3. Warwick McKibbin & Alexandra Sidorenko, 2006. "Global Macroeconomic Consequences of Pandemic Influenza," CAMA Working Papers 2006-26, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
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