The impact of government responses to the COVID-19 pandemic on GDP growth: Does strategy matter?

We analyze whether and to what extent strategies employed by governments to fight the COVID-19 pandemic made a difference for GDP growth developments in 2020. Based on the strength and speed with which governments imposed non-pharmaceutical interventions (NPIs) when confronted with waves of infectio...

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Autores principales:	Michael König, Adalbert Winkler
Formato:	article
Lenguaje:	EN
Publicado:	Public Library of Science (PLoS) 2021
Materias:	Medicine R Science Q
Acceso en línea:	https://doaj.org/article/fa374ed87d4947939216b68c791e6950
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spelling	oai:doaj.org-article:fa374ed87d4947939216b68c791e69502021-11-11T08:14:54ZThe impact of government responses to the COVID-19 pandemic on GDP growth: Does strategy matter?1932-6203https://doaj.org/article/fa374ed87d4947939216b68c791e69502021-01-01T00:00:00Zhttps://www.ncbi.nlm.nih.gov/pmc/articles/PMC8570518/?tool=EBIhttps://doaj.org/toc/1932-6203We analyze whether and to what extent strategies employed by governments to fight the COVID-19 pandemic made a difference for GDP growth developments in 2020. Based on the strength and speed with which governments imposed non-pharmaceutical interventions (NPIs) when confronted with waves of infections we distinguish between countries pursuing an elimination strategy and countries following a suppression / mitigation strategy. For a sample of 44 countries fixed effect panel regression results show that NPI changes conducted by elimination strategy countries had a less severe effect on GDP growth than NPI changes in suppression / mitigation strategy countries: strategy matters. However, this result is sensitive to the countries identified as “elimination countries” and to the sample composition. Moreover, we find that exogenous country characteristics drive the choice of strategy. At the same time our results show that countries successfully applying the elimination strategy achieved better health outcomes than their peers without having to accept lower growth.Michael KönigAdalbert WinklerPublic Library of Science (PLoS)articleMedicineRScienceQENPLoS ONE, Vol 16, Iss 11 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Medicine R Science Q
spellingShingle	Medicine R Science Q Michael König Adalbert Winkler The impact of government responses to the COVID-19 pandemic on GDP growth: Does strategy matter?
description	We analyze whether and to what extent strategies employed by governments to fight the COVID-19 pandemic made a difference for GDP growth developments in 2020. Based on the strength and speed with which governments imposed non-pharmaceutical interventions (NPIs) when confronted with waves of infections we distinguish between countries pursuing an elimination strategy and countries following a suppression / mitigation strategy. For a sample of 44 countries fixed effect panel regression results show that NPI changes conducted by elimination strategy countries had a less severe effect on GDP growth than NPI changes in suppression / mitigation strategy countries: strategy matters. However, this result is sensitive to the countries identified as “elimination countries” and to the sample composition. Moreover, we find that exogenous country characteristics drive the choice of strategy. At the same time our results show that countries successfully applying the elimination strategy achieved better health outcomes than their peers without having to accept lower growth.
format	article
author	Michael König Adalbert Winkler
author_facet	Michael König Adalbert Winkler
author_sort	Michael König
title	The impact of government responses to the COVID-19 pandemic on GDP growth: Does strategy matter?
title_short	The impact of government responses to the COVID-19 pandemic on GDP growth: Does strategy matter?
title_full	The impact of government responses to the COVID-19 pandemic on GDP growth: Does strategy matter?
title_fullStr	The impact of government responses to the COVID-19 pandemic on GDP growth: Does strategy matter?
title_full_unstemmed	The impact of government responses to the COVID-19 pandemic on GDP growth: Does strategy matter?
title_sort	impact of government responses to the covid-19 pandemic on gdp growth: does strategy matter?
publisher	Public Library of Science (PLoS)
publishDate	2021
url	https://doaj.org/article/fa374ed87d4947939216b68c791e6950
work_keys_str_mv	AT michaelkonig theimpactofgovernmentresponsestothecovid19pandemicongdpgrowthdoesstrategymatter AT adalbertwinkler theimpactofgovernmentresponsestothecovid19pandemicongdpgrowthdoesstrategymatter AT michaelkonig impactofgovernmentresponsestothecovid19pandemicongdpgrowthdoesstrategymatter AT adalbertwinkler impactofgovernmentresponsestothecovid19pandemicongdpgrowthdoesstrategymatter
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The impact of government responses to the COVID-19 pandemic on GDP growth: Does strategy matter?

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