Download This PaperHow COVID-19 Quarantine(s) Can Generate Poverty?
9 Pages Posted: 22 Apr 2020
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How COVID-19 Quarantine(s) Can Generate Poverty?
How COVID-19 Quarantine(s) Can Generate Poverty?
How COVID-19 Quarantine(s) Can Generate Poverty?
Date Written: April 20, 2020
Abstract
This research paper attempts to show visually how the COVID-19 quarantines can generate a massive unemployment, a constant expansion of inflation, the reduction of the purchasing power parity, and the poverty expansion from a multidimensional perspective. This visualization is only possible under the creation of a new multidimensional graphical modeling is called “The Multidimensional Poverty Kaleidoscope Graph.” The multidimensional poverty kaleidoscope graph is not intended to use a forecasting model in any case. However, its application is not limited to the study of a special group of countries. It is not constrained by issues about the region or countries that are interested in applying the multidimensional poverty kaleidoscope graph. There are four basic phases in the implementation of the multidimensional poverty kaleidoscope graph. The first phase is the design of the input-output-table. The second phase is divided into two sections of analysis: the first section of analysis assumes that the COVID-19 quarantine time framework growth rate (Y = Independent variable) impact directly on our four variables in analysis such as the inflation growth rate (X1), the unemployment growth rate (X2), purchasing power parity growth rate (X3) and the government budget deficit (X4). In fact, the second section of analysis, the last past four variables in analysis became our dependent variables and affect on the poverty growth rate (Z) directly. The third phase is the construction of the multidimensional poverty kaleidoscope graph. Finally, the multidimensional poverty kaleidoscope graph was applied to three countries such as U.S., Malaysia, and Guatemala.
Keywords: COVID-19, Poverty; Policy Modeling; Poverty Indicators; Economic Development; Graphs
JEL Classification: I32
Suggested Citation: Suggested Citation