Do COVID-19 Containment Measures Work? Evidence from Switzerland

Regina Pleninger, Sina Streicher () and Jan-Egbert Sturm
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Sina Streicher: ETH Zurich, Switzerland

No 21-494, KOF Working papers from KOF Swiss Economic Institute, ETH Zurich

Abstract: We study the interplay of non-pharmaceutical containment measures, human behavior, and the spread of COVID-19 in Switzerland. First, we collect sub-national data and construct indices that capture the stringency of containment measures at the cantonal level. Second, we use a vector autoregressive (VAR) model to analyze feedback effects between our variables of interest via structural impulse responses. Our results suggest that increases in the stringency of containment measures lead to a significant reduction of weekly infections as well as debit card transactions, which serve as a proxy for behavioral changes in the population. Furthermore, analyzing different policy measures individually shows that business closures, recommendations to work from home, and restrictions on gatherings have been particularly effective in containing the spread of COVID-19 in Switzerland. Finally, our findings indicate a sizeable voluntary reduction in debit card transactions in response to a positive infection shock.

Keywords: COVID-19; Reproduction Rate; Stringency; Switzerland (search for similar items in EconPapers)
JEL-codes: H12 H51 H73 H75 I18 R59 (search for similar items in EconPapers)
Pages: 50 pages
Date: 2021-06
New Economics Papers: this item is included in nep-ban and nep-hea
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Citations: View citations in EconPapers (2)

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Journal Article: Do COVID-19 containment measures work? Evidence from Switzerland (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:kof:wpskof:21-494

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