COVID-19 coronavirus pandemic influence on crude oil prices: a preliminary statistical analysis (COVID-19 კორონავირუსის პანდემიის გავლენა ნედლი ნავთობის ფასზე: წინასწარი სტატისტიკური ანალიზი)

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dc.contributor.authorTvalchrelidze (თვალჭრელიძე), Alexander (ალექსანდრე)
dc.contributor.authorSilagadze (სილაგაძე), Avtandil (ავთანდილ)
dc.date.accessioned2022-06-02T10:51:40Z
dc.date.available2022-06-02T10:51:40Z
dc.date.issued2020
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dc.description.abstractWorld economy rapidly recovered after the 2009 global economic crisis, and starting from 2010 fast increase of the world GDP was fixed. In 2018 the world GDP was as high as US$ 85,909.816 billion [1]. The world economic growth was unexpectedly hampered by COVID-19 coronavirus pandemic. Within one month the world economy has frozen, industries and budgetary incomes fall down to a critical level, employment collapsed, investor activities distorted and so on. Future prospects are vague. The current framework brings back to memory the period of the Great Depression, when the liberal economic doctrines failed, and governmental interventions became necessary [2]. It is obvious that after the pandemic breakthrough, a lot of fundamental principles will change in the world, including social & economic development doctrines: a bet seems to be placed on maximal involvement of national resources, and such a policy will both be basement of national economic strategies [3-7] and a precondition of regional economic relations [8]. Of course, there is a node of huge and crucial problems to be studied, but in this article, we will present a preliminary statistical analysis of crude oil prices within the framework of COVID-19 coronavirus pandemic.en_US
dc.identifier.citationEconomics and Business, №2, 2020, pp. 82-88en_US
dc.identifier.issn1987-5789
dc.identifier.urihttps://dspace.tsu.ge/handle/123456789/1561
dc.language.isoenen_US
dc.publisherIvane Javakhishvili Tbilisi State University Pressen_US
dc.subjectPandemy, oil price, correlation coe􀋺cient, quadratic regression equation, statistical modelen_US
dc.titleCOVID-19 coronavirus pandemic influence on crude oil prices: a preliminary statistical analysis (COVID-19 კორონავირუსის პანდემიის გავლენა ნედლი ნავთობის ფასზე: წინასწარი სტატისტიკური ანალიზი)en_US
dc.typeArticleen_US
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