The sooner the better: lives saved by the lockdown during the COVID-19 outbreak. The case of Italy

Roy Cerqueti, Raffaella Coppier, Alessandro Girardi and Marco Ventura

The Econometrics Journal, 2022, vol. 25, issue 1, 46-70

Abstract: SummaryThis paper estimates the effects of non-pharmaceutical interventions – mainly, the lockdown – on the COVID-19 mortality rate for the case of Italy, the first Western country to impose a national shelter-in-place order. We use a new estimator, the augmented synthetic control method (ASCM), that overcomes some limits of the standard synthetic control method (SCM). The results are twofold. From a methodological point of view, the ASCM outperforms the SCM in that the latter cannot select a valid donor set, assigning all the weights to only one country (Spain) while placing zero weights to all the remaining. From an empirical point of view, we find strong evidence of the effectiveness of non-pharmaceutical interventions in avoiding losses of human lives in Italy: conservative estimates indicate that the policy saved in total more than 21,000 human lives.

Keywords: COVID-19; non-pharmaceutical interventions; augmented synthetic control method; Italy (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (4)

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Working Paper: The sooner the better: lives saved by the lockdown during the COVID-19 outbreak. The case of Italy (2022)
Working Paper: The sooner the better: lives saved by the lockdown during the COVID-19 outbreak. The case of Italy (2021)
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