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COVID-19: From A Global Massive Consumption to A Global Massive Deconsumption Corresponding

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Mario Arturo Ruiz Estrada at University of Kuala Lumpur
Mario Arturo Ruiz Estrada
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Abstract

This research paper attempts to evaluate the impact of COVID-19 on the massive consumption behavior globally. This paper introduces a new macroeconomic indicator is entitled "The Global Massive Deconsumption (-∆C)". In fact, The Global Massive Deconsumption (-∆C) main objective is to show the global consumption deceleration anywhere and anytime (short and long run) from a worldwide massive pandemic such as COVID-19. This new macroeconomic indicator was applied on five large economies are followed by U.S.,
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COVID-19: From A Global Massive Consumption to
A Global Massive Deconsumption
Keywords:
Consumption, contagious diseases, China, 2019-nCopV, Policy Modeling
JEL Code:
I15, I18
Corresponding First Author
Mario Arturo Ruiz Estrada
Social Wellbeing Research Centre (SWRC)
University of Malaya, 50603 Kuala Lumpur, Malaysia
Email: marioruiz@um.edu.my
Tel: +006012-6850293
Abstract
This research paper attempts to evaluate the impact of
COVID-19 on the massive consumption behavior globally.
This paper introduces a new macroeconomic indicator is
entitled “The Global Massive Deconsumption (-∆C)”. In fact,
The Global Massive Deconsumption (-∆C) main objective is
to show the global consumption deceleration anywhere and
anytime (short and long run) from a worldwide massive
pandemic such as COVID-19. This new macroeconomic
indicator was applied on five large economies are followed
by U.S., Canada, E.U. Japan, and China.
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