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Global assessment of environment, health and economic impact of the novel coronavirus (COVID-19)

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  • Samuel Asumadu Sarkodie

    (Nord University Business School)

  • Phebe Asantewaa Owusu

    (Nord University Business School)

Abstract

The institution of social distancing and punitive measures to contain the spread of COVID-19 through human-to-human transmission has environmental, health and economic impact. While the global pandemic has led to the enhancement of the health system and decline of emissions, economic development appears deteriorating. Here, we present the global environmental, health and economic dimension of the effect of COVID-19 using qualitative and empirical assessments. We report the health system policies, environmental sustainability issues, and fiscal, monetary and exchange rate measures introduced during lockdown across countries. While air pollution is reported to have declined, municipal and medical waste is increasing. The COVID-19 global pandemic uncertainty ranks the UK as the country with the highest uncertainty level among 143 countries. The USA has introduced 100% of pre-COVID-19 crisis level GDP, the highest policy cut-rate among 162 countries. Science, innovation, research and development underpin COVID-19 containment measures implemented across countries. Our study demonstrates the need for future research to focus on environment-health-economic nexus—a trilemma that has a potential trade-off.

Suggested Citation

  • Samuel Asumadu Sarkodie & Phebe Asantewaa Owusu, 2021. "Global assessment of environment, health and economic impact of the novel coronavirus (COVID-19)," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(4), pages 5005-5015, April.
    • Handle: RePEc:spr:endesu:v:23:y:2021:i:4:d:10.1007_s10668-020-00801-2
    DOI: 10.1007/s10668-020-00801-2
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    1. Sneha Gautam & Luc Hens, 2020. "SARS-CoV-2 pandemic in India: what might we expect?," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(5), pages 3867-3869, June.
    2. Sneha Gautam & Ujwalkumar Trivedi, 2020. "Global implications of bio-aerosol in pandemic," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(5), pages 3861-3865, June.
    3. Ugo Gentilini & Mohamed Almenfi & Ian Orton & Pamela Dale, 2020. "Social Protection and Jobs Responses to COVID-19," World Bank Publications - Reports 33635, The World Bank Group.
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