How Do Economic Activities Spur the COVID‐19 Pandemic in Russia? A Dynamic Panel Data Analysis

Ichiro Iwasaki

No 99, RRC Working Paper Series from Russian Research Center, Institute of Economic Research, Hitotsubashi University

Abstract: Russia is one of the few countries in the world that has opted for almost no policy measures involving the strong suppression of economic activity in the face of the epidemic disaster brought about by the new coronavirus (COVID-19). This makes Russia a valuable subject of social experiments through which the association between economic activity and the spread of the virus can be explored. This paper presents a dynamic panel data analysis to examine the extent to which different types of economic activity contribute to the spread of COVID-19 infection using monthly and quarterly panel data of Russian regions between March 2020 and April 2021. The results strongly supported our expectation that economic activities have a greater impact on the levels of COVID-19 transmission when they involve a larger number of inhabitants or stimulate greater consumption or social activities among citizens. It was also revealed that Russian regions vary greatly in terms of the routes that link economic activity to the spread of COVID-19. These results have important policy implications for current and future epidemic control.

Keywords: COVID-19 pandemic; economic activity; dynamic panel data analysis; Russia (search for similar items in EconPapers)
JEL-codes: C33 E32 I15 I18 R11 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2022-08
New Economics Papers: this item is included in nep-cis and nep-tra
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https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/74272/RRC_WP_No99.pdf

Related works:
Journal Article: How do economic activities spur the COVID-19 pandemic in Russia? A dynamic panel data analysis (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:hit:rrcwps:99

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