PANDEMICS, LOCKDOWN AND ECONOMIC GROWTH: A REGION-SPECIFIC PERSPECTIVE ON COVID-19

Devi Prasad Dash () and Narayan Sethi ()
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Devi Prasad Dash: IIT Jodhpur
Narayan Sethi: National Institute of Technology

Bulletin of Monetary Economics and Banking, 2022, vol. 25, issue Special Issue, 43-60

Abstract: This study examines the impacts of COVID-19 induced factors and country specific health-care infrastructure and co-morbid factors on economic growth between January 1, 2021, to May 31, 2021 for 19 South and South-east Asian (SSEA) economies. Our findings indicate that COVID-19 related mortality negates growth, while vaccination and testing have no significant impact on growth during this period. We further quantify the effects by instrumenting government policy measures and vaccination drives in terms of testing, tracking and mortality. Our findings show a negative effect of lockdowns on growth, while vaccination has a positive impact on growth and controls fatality rate considerably.

Keywords: Pandemic; Economic growth; COVID-19, South asia; South-east asia (search for similar items in EconPapers)
JEL-codes: C23 C26 I18 O53 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:25:y:2022:i:spe:p:43-60

DOI: 10.21098/bemp.v25i0.1841

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