This note covers three issues,
the effect of testing on the number of COVID19 cases, the spread of infected
cases and the fatality rate among the infected. It uses three very diverse
countries, India, USA and India to illustrate where India stands at this point
of time, from the perspective of stabilization of the situation with respect to
the disease.
Recall that the index W0 measures
whether the SARS Corona Virus 2 problem is increasing if W0 >1 and
decreasing if W0 < 1 and over if W0
is 0. The good news is that in Italy,
one of the countryies most severely affected by COVID19, the virus seems almost
completely under control with W0 at 0.02 (figure 1a). USA has achieved
significant success in slowing the spread, but with an index stabilized at 0.1
the spread is not over (figures 1b). India is however, still at stuck at a W0
of 3.5-3.7, and some way to go till it reaches a safe level of index of 0.1 like
USA or completes the process like Italy.
Table 1a:
Spread of COVID19 in Italy measured by W0 index
Table 1b: Spread of COVID19 in USA, measured by W0 index
Table 1c:
Spread of COVID19 in India measured by W0 index
One of the questions that has excited worldwide debate, is
to what extent testing(cvt) increases the number of Corona virus identified
cases(cvd). Our analysis suggests that this happens in the initial phase of
testing, with the number of cases increasing rapidly with number of tests, but
after some time the curve flattens out and there is little relationship between
testing and number of cases.
Figure 2a: Effect of testing on detected cases: USA
Figure 2b: Effect of Testing on Detected Cases: Italy
USA and Italy have reached the latter phase, but India is
still in the first phase (figure 2a,2b & 2c). The turning point came at a
log (cvt) value of around 14 in USA and 13 in Italy. In India the turning point
is still not visible at 14.8(figure 2c).
This difference likely due to the difference in population size, with US
population 5 times Italy’s and India’s population more than 4 times USA.
Figure 2c: Effect of Testing on Detected Cases: India
I estimate the following model for the
effect of testing (cvt) on registered coronal virus cases(cvc).
Log(cvc) = a
+ b log(cvt) = c t, where t is time variable which starts on the day the first
case is registered. The results are as follows:
Table: Effect of Testing on
registered cases
Note Except for &. All other
coefficients are significant at 1%
This shows that the effect of
testing on registered case is lowest in USA (0.74) and highest in Italy(1.7).
India (1.6) is lower than Italy, but more than double that of USA.
Figure 3: Fatality Rate (%) in Italy, USA and India
Note: This work is part of a joint project with Surjit
Bhalla, Executive Director, IMF, and the result of jointly collected data (Johns Hopkins and Oxford univresity data bases) and
many areas of joint analysis and discussion. Any views expressed in this note should not, however, be
attributed to him.
No comments:
Post a Comment