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COVID-19: lockdowns, fatality rates and GDP growth : evidence for the first three quarters of 2020

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Bibliographic Details
Published in: Intereconomics month:01; pages:32-39; volume:56; year:2021; 56(2021), 1 vom: Jan., Seite 32-39; number:1
Authors and Corporations: König, Michael (Author), Winkler, Adalbert (Author)
Other Authors: Winkler, Adalbert 1962- [Author]
Type of Resource: E-Book Component Part
Language: English
published:
2021
Series: Intereconomics, 56(2021), 1 vom: Jan., Seite 32-39
Subjects:
Coronavirus
Sterblichkeit
Gesundheitspolitik
Konjunktur
Regressionsanalyse
Aufsatz in Zeitschrift
Source: Verbunddaten SWB
Lizenzfreie Online-Ressourcen
ISSN: 1613-964X
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Description
Summary: The COVID-19 pandemic has triggered an unprecedented economic crisis. This article analyses the impact of mandatory social distancing imposed by lockdown policies and voluntary social distancing triggered by COVID-19 fatality rates on GDP growth in the first three quarters of 2020 for a sample of 42 countries. OLS and IV results indicate an important role for the fatality rate, while panel regressions show that lockdown stringency is the more important driver of growth. When including lagged variables, more restrictive measures lead to lower GDP growth in the same quarter but are associated with a positive, catching-up effect in the following quarter.
ISSN: 1613-964X
DOI: 10.1007/s10272-021-0948-y
Access: Open Access