A Study on the Impact of COVID-19 in India: A Psycho-socio-economic Dynamic

Page: 258-265
Prerna and Avinash Kumar (Department of Psychology, University of Delhi, Arts Faculty, University Enclave, Delhi)

Nearly all countries are experiencing the effects of the Coronavirus disease (COVID-19) epidemic. The spread of Coronavirus among people is also influenced by a wide range of economic, social, and psychological factors. Due to this, there is an active debate about how socioeconomic and psychological factors influence significant epidemic effects. In this paper, we show that the actual empirical model behind the coronavirus outcome involves only a handful of decision makers, but each decision maker is able to provide a reliable description of its various socio-economic and psychological characteristics. The reason for this varies between countries. To understand the relationship between potential determinants in the specification, we develop the coronavirus determinant space. The obtained map serves as a bridge between theoretical research and empirical observations and provides an alternative approach to the common importance of socio-economic decision makers when used to develop policies aimed at preventing future infections.