Impact of COVID-19 on Pakistan’s economic development: A sector-wise analysis

نویسندگان

چکیده

The recent COVID-19 pandemic has significantly hampered economic development. ongoing posed challenges to economies and altered global lifestyles, with people mostly staying at home working from if possible. As a result, the development of various sectors economy is impacted significantly. present study aims scrutinize impact on Pakistan’s focusing three main such as services, industrial, agriculture. Gross National Product (GNP) respective sector used measure development, proxied through total coronavirus cases number infected (active cases). data covered in range 2020M2 2022M4. Augmented Dickey-Fuller (ADF) Phillips-Perron (PP) unit root tests are ensure that variables stationary level. empirical investigation carried out by employing Ordinary Least Square (OLS) method. findings reveal both proxies have negative significant all sectors, however, size differs depending nature these sectors. such, service industrial larger than imply Pakistani ministries should work cooperatively align policies aftermath improve sectoral turn overall economy.

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ژورنال

عنوان ژورنال: American journal of social sciences and humanities

سال: 2023

ISSN: ['2520-5382']

DOI: https://doi.org/10.55284/ajssh.v8i1.872