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The economic reaction to non-pharmaceutical interventions during Covid-19

  • Dades identificatives

    Identificador: imarina:9231681
    Autors:
    Segarra-Blasco ATeruel MCattaruzzo S
    Resum:
    Policy makers have implemented a set of non-pharmaceutical interventions (NPIs) to contain the spread of Covid-19 and reduce the burden on health systems. These restrictive measures have had adverse effects on economic activity; however, these negative impacts differ with respect to each country. Based on daily data, this article studies governmental economic responses to the application of NPIs for 59 countries. Furthermore, we assess if these economic responses differ according to the economic and sectoral context of the countries. By applying a counting model to the economic support intensity, our results quantify the average reaction of governments in counterbalancing the imposition of NPIs. We further re-estimate the base model by dividing the countries according to their GDP per capita, the intensity of their service sectors, and the expenditure by tourists. Our results show how each NPI implied a different level of economic support and how the structural characteristics considered were relevant to the decision-making process.
  • Altres:

    Autor segons l'article: Segarra-Blasco A; Teruel M; Cattaruzzo S
    Departament: Economia
    Autor/s de la URV: Cattaruzzo, Sebastiano / Segarra Blasco, Agustí / Teruel Carrizosa, Mercedes
    Paraules clau: Panel-data models Non-pharmaceutical interventions Economic policies Daily time data Covid-19 stock-market policy responses non-pharmaceutical interventions impact economic policies daily time data
    Resum: Policy makers have implemented a set of non-pharmaceutical interventions (NPIs) to contain the spread of Covid-19 and reduce the burden on health systems. These restrictive measures have had adverse effects on economic activity; however, these negative impacts differ with respect to each country. Based on daily data, this article studies governmental economic responses to the application of NPIs for 59 countries. Furthermore, we assess if these economic responses differ according to the economic and sectoral context of the countries. By applying a counting model to the economic support intensity, our results quantify the average reaction of governments in counterbalancing the imposition of NPIs. We further re-estimate the base model by dividing the countries according to their GDP per capita, the intensity of their service sectors, and the expenditure by tourists. Our results show how each NPI implied a different level of economic support and how the structural characteristics considered were relevant to the decision-making process.
    Àrees temàtiques: Economics, econometrics and finance (miscellaneous) Economics and econometrics Economics Ciencias sociales
    Accès a la llicència d'ús: https://creativecommons.org/licenses/by/3.0/es/
    Adreça de correu electrònic de l'autor: mercedes.teruel@urv.cat agusti.segarra@urv.cat agusti.segarra@urv.cat
    Identificador de l'autor: 0000-0002-4104-7679 0000-0001-6316-3171 0000-0001-6316-3171
    Data d'alta del registre: 2024-11-09
    Versió de l'article dipositat: info:eu-repo/semantics/publishedVersion
    Enllaç font original: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8526112/
    URL Document de llicència: https://repositori.urv.cat/ca/proteccio-de-dades/
    Referència a l'article segons font original: Economic Analysis And Policy. 72 592-608
    Referència de l'ítem segons les normes APA: Segarra-Blasco A; Teruel M; Cattaruzzo S (2021). The economic reaction to non-pharmaceutical interventions during Covid-19. Economic Analysis And Policy, 72(), 592-608. DOI: 10.1016/j.eap.2021.10.006
    DOI de l'article: 10.1016/j.eap.2021.10.006
    Entitat: Universitat Rovira i Virgili
    Any de publicació de la revista: 2021
    Tipus de publicació: Journal Publications
  • Paraules clau:

    Economics,Economics and Econometrics,Economics, Econometrics and Finance (Miscellaneous)
    Panel-data models
    Non-pharmaceutical interventions
    Economic policies
    Daily time data
    Covid-19
    stock-market
    policy responses
    non-pharmaceutical interventions
    impact
    economic policies
    daily time data
    Economics, econometrics and finance (miscellaneous)
    Economics and econometrics
    Economics
    Ciencias sociales
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