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- W3115245557 abstract "This paper evaluates the big socio-economic dilemma of COVID-19, such as whether we stay at home in quarantine or work as usual. We try to assess quarantines' pros and cons or work in pandemic times from a multidimensional perspective. This research paper's primary objective is to prove the final impact in both scenarios and the ultimate effect on any country's socio-economic performance. However, this paper also looks at the negative implications of quarantine (s) on different social groups from low-income people (informal labor sector) to high-income people (formal labor sector). This research focuses on how quarantine or without quarantine is not the most significant public health policy to solve COVID-19 in the medium and long run. Simultaneously, we did many simulations to evaluate the negative impact of COVID-19 on socio-economic performance in households and firms. Additionally, we propose a new socio-economic simulator to assess the decision to implement full quarantine or without quarantine and its negative impact in the short run. new simulator is entitled The Virtual Socio-Economic Evaluation of Decisions and Scenarios Disk Synchronization for Pandemics Simulator (VSEDSDSP-Simulator). According to the VSEDSDSP-Simulator results from different simulations, we can observe that extremes such as a full quarantine or without quarantine can generate an immediately deadly effect in the socio-economic performance in the short and long run without prejudice or preference among different social groups. Hence, this paper supports an alternative statement is that COVID-19 is not only a simple physical disease; also, COVID-19 is a psychological disease (depression, anxiety, and nostology) that also can directly affect producers' and consumers' productivity and behavior (decisions) considerably." @default.
- W3115245557 created "2021-01-05" @default.
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- W3115245557 date "2020-01-01" @default.
- W3115245557 modified "2023-09-26" @default.
- W3115245557 title "The Big Socio-Economic Dilemma of COVID-19? Full Quarantine vs. Work Risk" @default.
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- W3115245557 doi "https://doi.org/10.2139/ssrn.3681484" @default.
- W3115245557 hasPublicationYear "2020" @default.
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