The Time-varying Impact of the Covid-19 Pandemic on Biopharmaceutical Industry and Manufacturing

Zhihao Yuan

doi:10.54254/2754-1169/4/2022951

Research Article

Open access

Published on 21 March 2023

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Yuan,Z. (2023). The Time-varying Impact of the Covid-19 Pandemic on Biopharmaceutical Industry and Manufacturing. Advances in Economics, Management and Political Sciences,4,538-547.

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The Time-varying Impact of the Covid-19 Pandemic on Biopharmaceutical Industry and Manufacturing

Zhihao Yuan *^,1,

¹ McMaster University, Hamilton, L8S 4K1, Canada

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/4/2022951

Abstract

The pandemic has affected the world economy, specifically the manufacturing and biomedical sectors. This study examines the effects of COVID-19 on the yield and its volatility of manufacturing and biopharmaceutical indexes over a range of periods. It concludes that while the pandemic has had a short-term negative impact on the manufacturing index, the long-term effects on the biopharmaceutical industry outweigh any short-term fluctuations. But over time, the manufacturing index continues to represent its fundamentals. This paper aims to analyze the different short-term and long-term impacts of the pandemic on the biopharmaceutical index and the manufacturing index through data analysis.

Keywords

Manufacturing, Biopharmaceutical industry, Covid-19 pandemic

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Cite this article

Yuan,Z. (2023). The Time-varying Impact of the Covid-19 Pandemic on Biopharmaceutical Industry and Manufacturing. Advances in Economics, Management and Political Sciences,4,538-547.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅱ

Conference website: https://www.icemgd.org/

ISBN：978-1-915371-17-1(Print) / 978-1-915371-18-8(Online)

Conference date: 6 August 2022

Editor：Canh Thien Dang, Javier Cifuentes-Faura

Series: Advances in Economics, Management and Political Sciences

Volume number: Vol.4

ISSN：2754-1169(Print) / 2754-1177(Online)

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