Abstract: This study develops a complex model and investigates the impact of the recent COVID-19 pandemic outbreak on the platform tipping points in all countries affected globally. The results of the pandemic have affected platform system worldwide. This study uses the Lotka-Volterra complex system theory Model to develop the complex dynamical model for examining the role of the pandemic towards the platform ecosystem tipping points. In our findings, the results indicate that the ecosystem in major affected economic zones fell quickly after the virus outbreak. The Euro economic zone experienced more negative abnormal platform returns during the critical COVID-19 crisis of 2020-2021 as compared to other economic zones while China affected mostly during the beginning (2019-2020) of the crisis. In addition, the results revealed that, the increase of the foreign direct investment (FDI) enhances the tipping point locations to large values and thus, yields an exponential growth of the platform ecosystem. Furthermore, the study of platform systems is applicable to an optimal control approach to reduce the economic risks, avoid economic collapse and increase platform ecosystem performance.
Keywords: Platform ecosystem performance; Lotka-Volterra theory; economic zone; tipping point system bifurcation; foreign direct investment.
Title: The Role of COVID-19 towards the Platform Ecosystem Tipping Points
Author: Akwer Eva, Joseph David Madasi, Akwer Eunice
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
Vol. 10, Issue 3, July 2022 - September 2022
Page No: 181-194
Research Publish Journals
Website: www.researchpublish.com
Published Date: 28-July-2022
Amendment Date-30-July-2022
