Government Stringency on Covid-19 Fatality and Economic Recovery

A Panel Data Regression Approach

DOI

10.2991/aebmr.k.220307.040How to use a DOI?

Keywords

Covid-19 fatality; Stringency index; Government intervention

Abstract

Since the beginning of 2020, there have been ongoing debates on the necessity of investing significant resources in governmental health intervention. However, many have questioned its economic cost could surpass the damage caused by the virus. This study aims to focus on the gap between the necessary government intervention and COVID-19 fatality. We implemented robust panel data on Organization for Economic Co-operation and Development (OECD) countries’ data since early 2020 to interpret the significance of stringency index (a government-effort measuring index collected by the Oxford University), along with other vital health and economic indicator. This research’s key results are the model and the economic interpretation of the significant difference between governmental effort and the number of COVID-19 deaths. Our result indicates a unit increase in stringency index would decrease the number of COVID-19 deaths per million by an estimate of 13. Noteworthy that this article aims to help officials recognize the understand the economic recovery from authority intervention.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Liming Wei
AU  - Yuan Wang
PY  - 2022
DA  - 2022/03/26
TI  - Government Stringency on Covid-19 Fatality and Economic Recovery
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 257
EP  - 263
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.040
DO  - 10.2991/aebmr.k.220307.040
ID  - Wei2022
ER  -