Stochastic Dynamics of the COVID-19 Case-Fatality Ratios in Indonesia, Malaysia, and the Philippines: Economic Implications for the Post-COVID-19 Era

被引:3
作者
Shi, Zili [1 ]
Zhang, Hua [2 ]
Zhang, Ren [3 ]
Zhu, Lili [4 ]
机构
[1] Henan Univ Econ & Law, Sch Int Business & Econ, Zhengzhou, Peoples R China
[2] Zhejiang Univ, Sch Econ & Acad Financial Res, Hangzhou, Peoples R China
[3] Texas State Univ, McCoy Coll Business Adm, San Marcos, TX USA
[4] Shenandoah Univ, Sch Business, Winchester, VA USA
关键词
COVID-19; pandemic; Case-Fatality Ratios; CFR; Indonesia; Malaysia; the Philippines; OIL-PRICE SHOCK; UNIT-ROOT; GREAT CRASH;
D O I
10.3389/fpubh.2021.755047
中图分类号
R1 [预防医学、卫生学];
学科分类号
1004 ; 120402 ;
摘要
This paper analyses the stochastic dynamics of the COVID-19 Case-Fatality Ratios (CFR) in three developing economies in East Asia: Indonesia, Malaysia, and the Philippines. The sample covers the daily frequency data from April 28, 2020, to June 29, 2021. For this purpose, we utilize two unit root tests, which consider one structural break and two structural breaks. The findings reveal that the CFR follows a unit root process in Indonesia and the Philippines. However, the CFR is stationary in Malaysia. This evidence indicates that the COVID-19 has a permanent effect in Indonesia and the Philippines but temporary in Malaysia. The paper also discusses the potential economic implications of these results for the post-COVID-19 era in the related developing economies.</p>
引用
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页数:6
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