A Study on Social and Economic Factors of COVID-19 Prevalence

DOI

10.2991/aebmr.k.210712.028How to use a DOI?

Keywords

Covid-19 Transmission, social and economic factors, ordinary least squares, epidemic prevention

Abstract

Since Novel Coronavirus Pneumonia (hereinafter referred to as “COVID-19”) was discovered in late December of 2019, it has rampaged worldwide, causing social and financial loss to countries all over the world. There are many factors that affect the spread of COVID-19. This paper will study the economic and social factors that affect the spread of COVID-19 by investigating indicators that represent the economic and social situation of the nation. The dependent variable in this paper measures severity of epidemic while independent variables are the various indicators in each country. The only dynamic indicator is Stringency Index established by Oxford University (hereinafter referred to as “Oxford Stringency Index”). Oxford Stringency Index evaluates the stringency of government responses to COVID-19 epidemic situations, which may be associated with epidemic severity. This paper will first analysis the correlation between Oxford Stringency Index and epidemic severity so as to obtain a preliminary understanding of the Index, followed by regression analysis of other indicators. Regression analysis will uncover the factors that are significantly correlated with epidemic severity in different periods. Ordinary least squares method is adopted to calculate the regression coefficient of the significant indicators. Then, whether the regression coefficients of the significant factors at each time point are positive or negative are discussed to obtain the correlation between each significant factor and the dependent variable, namely whether they are positively or negatively correlated. Meanwhile, this paper also puts forward three policies that are conducive to suppressing epidemic situation.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Junchen Fan
PY  - 2021
DA  - 2021/07/12
TI  - A Study on Social and Economic Factors of COVID-19 Prevalence
BT  - Proceedings of the 2021 International Conference on Economic Development and Business Culture (ICEDBC 2021)
PB  - Atlantis Press
SP  - 161
EP  - 174
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210712.028
DO  - 10.2991/aebmr.k.210712.028
ID  - Fan2021
ER  -