THE EFFECT OF ECONOMIC IMPLICATIONS OF CORONAVIRUS TOWARDS GLOBAL ECONOMY AND IT’S IMPACT ON EDUCATION

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THE EFFECT OF ECONOMIC IMPLICATIONS OF CORONAVIRUS TOWARDS GLOBAL ECONOMY AND IT’S IMPACT ON EDUCATION

Abstract

The COVID-19 pandemic has devastated the global economy, which has rendered many of the world's population impoverished. Moreover, the pandemic has generated some uncertainties regarding economic and social policies. This phenomenon is lately the brunt of every government across the globe. This present study seeks to evaluate the economic implications of coronavirus toward global economy and its impact on education. The motivation is to unravel the social and economic effects on the global economy. However, 170 countries are utilized in this study, and econometric panel techniques such as OLS and robust least square regression methods are utilized. The data was collected from OurWorldindata.com, comprising total COVID-19 cases, total deaths, stringency index, human development index, and gross domestic product per capita. The study's findings stipulate that many people's stringency and the contraction of the disease have inversely affected poverty alleviation and economic growth. Nevertheless, for the deaths recorded so far positively affects both poverty alleviation and economic growth. This development signals the essence of controlling population growth as it impedes economic growth and Education. The study recommends that governments invest in health and education improvement and stimulate their economies to create employment that could propagate growth to improve poverty alleviation and economic growth. Economic, COVID-19 Pandemic, Closure of Schools, Impacts on Education

 

TABLE OF CONTENT
Title page- - - - - - - - - i
Approval page - - - - - - - -ii
Dedication - - - - - - - - -iii
Acknowledgement - - - - - - - -iv
Abstract - - - - - - - - - -v
Table of content - - - - - - - -vi

CHAPTER ONE
INTRODUCTION - - - - - - - -1
1.0 Background of the study - - - - -1
1.1. Statement of the problem - - - - -5
1.2 Purpose of the study - - - - - -6
1.3 Significance of the study - - - - -8
1.4 Research questions - - - - - -9
1.5 Scope of the study - - - - - - -10

CHAPTER TWO

LITERATURE REVIEW - - - - - - -11

CHAPTER THREE

Research methodology - - - - - - -39
Design of study - - - - - - - -40
Area of study - - - - - - - - -40
Population of the study - - - - - - -41
Sample and sampling techniques - - - - -41
Instrument for data collection - - - - -41
Method of data collection - - - - - -42
Method of data analysis - - - - - - -43

CHAPTER FOUR

Presentation, analysis and interpretation of data - -48
Discussion of findings - - - - - - -56

CHAPTER FIVE

Summary of findings - - - - - - -60
Conclusion - - - - - - - - -61
Recommendations - - - - - - - -62
Suggestions for further research - - - - -64
References - - - - - - - - -65
Appendix I - - - - -- - - - -68
Questionnaire. - - - - - - - -69

THE EFFECT OF ECONOMIC IMPLICATIONS OF CORONAVIRUS TOWARDS GLOBAL ECONOMY AND IT’S IMPACT ON EDUCATION

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