Lopez-Medoza, Hector and González-Álvarez, Maria A. and Montañés, Antonio (2023): Assessing the effectiveness of international government responses to the COVID-19 pandemic.
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Abstract
This paper studies the effectiveness of the non-pharmaceutical measures adopted by governments in order to control the evolution of the COVID-19 pandemic. To that end, we estimate a Panel VAR model for 50 countries and test for causality between the 7 day cumulative incidence, the mortality rate and a stringency index that measures government actions. The use of Granger-type statistics provides evidence that the evolution of the COVID-19 pandemic caused the measures taken by governments; however, we cannot find evidence of the reverse situation. This result suggests that the government measures were not very effective in controlling the pandemic. This does not necessarily imply that the government responses were useless. However, our results show a considerable lack of effectiveness, a lesson that governments should learn and correct if similar events occur again.
Item Type: | MPRA Paper |
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Original Title: | Assessing the effectiveness of international government responses to the COVID-19 pandemic |
English Title: | Assessing the effectiveness of international government responses to the COVID-19 pandemic |
Language: | English |
Keywords: | Government response index; stringency indexes; Granger causality; incidence, SARS-CoV-2 infection, COVID-19 |
Subjects: | C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C23 - Panel Data Models ; Spatio-temporal Models H - Public Economics > H0 - General |
Item ID: | 117826 |
Depositing User: | Dr Antonio montañés bernal |
Date Deposited: | 08 Jul 2023 01:30 |
Last Modified: | 08 Jul 2023 01:30 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/117826 |