Effect of Covid-19 on

economy growth
1. Zuhir (U18102757)
2. Obada –(U18104715)
 Background & definitions:

 History of COVID-19

 Economy growth
Introduction
 United Arab Emirates economy
Methodology:

 Regression equation for Model 2 (Monthly data)

 Regression 4 1346646830 336661707.6 2.47694061 0.173389
Residual 5 679591804.1 135918360.8
Results: Total 9 2026238634

SUMMARY OUTPUT Coefficients Standard Error t Stat P-value Lower 95

Intercept 370361.1893 5291.281411 69.994612 1.12728E-08 356759.5
Regression Statistics
Global cases -8.49155E-05 0.000756724 -0.112214683 0.915019022 -0.002030
Multiple R 0.815232642
Global deaths -0.031130776 0.046715222 -0.666394681 0.534669185 -0.151216
R Square 0.664604261
UAE cases 0.311222729 0.13294891 2.340919751 0.066304295 -0.030533
Adjusted R Square 0.39628767
Standard Error 11658.40301 UAE deaths -69.00666047 47.01359952 -1.467802108 0.202084021 -189.8589
Observations 10

ANOVA
• Model 1 (GDP) :df SS MS F Significance F
Regression 4 1346646830 336661707.6 2.47694061 0.173389207
GDP
Residual= 370,361 – 8.49*(10^-5)
5 Global
679591804.1 cases – 0.031 Global deaths
135918360.8 + 0.311 UAE
Total 9 2026238634
cases – 69 UAE deaths + U
Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept 370361.1893 5291.281411 69.994612 1.12728E-08 356759.5175 383962.8612 356759.5175 383962.8612
Global cases -8.49155E-05 0.000756724 -0.112214683 0.915019022 -0.002030136 0.001860305 -0.002030136 0.001860305
 df SS MS F Significa
Regression 4 92.63748204 23.15937051 5.497702245 0.0049
Results: Residual 17 71.61342705 4.212554532
Total 21 164.2509091
SUMMARY OUTPUT
Coefficients Standard Error t Stat P-value Lower
Regression Statistics Intercept 48.5831522 1.07000367 45.40465939 3.46514E-19 46.325
Multiple R 0.75099921
Global cases 5.60E-07 1.64719E-07 3.401133439 0.00339943 2.127
R Square 0.563999813
Adjusted R Square 0.461411534
Global deaths -1.96035E-05 1.1398E-05 -1.7199075 0.103600321 -4.365
Standard Error 2.05245086 UAE cases -1.64785E-05 3.93768E-05 -0.418481727 0.680834048 -9.955
Observations 22 UAE deaths -0.008357638 0.009823128 0.850812321 0.406698409 -0.012

•ANOVA
Model 2 (PMI):
df SS MS F Significance F
Regression
PMI 4 92.63748204
= 48.58 + 5.60*(10^-7) 23.15937051
Global cases 5.497702245 0.004995916
– 1.96*(10^-5) Global deaths -1.64*(10^-5) UAE
Residual 17 71.61342705 4.212554532
cases
Total – 0.0083 UAE deaths +U
21 164.2509091

Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept 48.5831522 1.07000367 45.40465939 3.46514E-19 46.32564179 50.84066261 46.32564179 50.84066261
 Discussion

1-Relationship between UAE

COVID-19 cases and its GDP

2-Effect of UAE COVID-19 Deaths

3-UAE’s PMI lowest point in the

last decade
 Testing for heteroscedasticity:
 White Test:

Regression equation for Model 1 (GDP)

Regression equation for Model 2 (PMI)

F-Statistic F Significance F
0.349813037 0.834628261
Model 1 (GDP)

0.788650382 0.548365
Model 2 (PMI)
 Conclusion

Thank you for Listening