Globalization and Outbreak of Covid-19: An Empirical Analysis
Mohammad Reza Farzanegan,
Mehdi Feizi and
Hassan Gholipour Fereidouni
No 8315, CESifo Working Paper Series from CESifo
Abstract:
The purpose of this study is to examine the relationship between globalization, Coronavirus Disease 2019 (Covid-19) cases, and associated deaths in more than 100 countries. Our ordinary least squares multivariate regressions show that countries with higher levels of socio-economic globalization are exposed more to Covid-19 outbreak. Nevertheless, globalization cannot explain cross-country differences in Covid-19 confirmed deaths. The fatalities of coronavirus are mostly explained by cross-country variation in health infrastructures (e.g., share of out of pocket spending on health per capita and the number of hospital beds) and demographic structure (e.g., share of population beyond 65 years old in total population) of countries. Our least squares results are robust to controlling outliers and regional dummies. This finding provides the first empirical insight on the robust determinants of Covid-19 outbreak and its human costs across countries.
Keywords: Covid-19; globalization; public health (search for similar items in EconPapers)
JEL-codes: F63 F68 I12 I15 I18 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (12)
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Journal Article: Globalization and the Outbreak of COVID-19: An Empirical Analysis (2021) 
Working Paper: Globalization and outbreak of COVID-19: An empirical analysis (2020) 
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