Stringent regulatory policies for COVID-19 and economic rationality

Kei Hosoya and Hiroaki Masuhara

Applied Economics Letters, 2023, vol. 30, issue 17, 2307-2314

Abstract: In this paper, we present an investigation of the effectiveness of the G7 countries’ COVID-19 responses as assessed by the stringency index and provide insights for the future. By observing trends in people’s mobility, a factor affected by stringency, we can find some interesting features in the course of the pandemic. Specifically, as the period of infection control measures is prolonged, there are indications that the effectiveness of such policies may diminish unless they are consistent with economic rationality. Furthermore, even when considering only developed countries, the situation in Japan is found to be unique.

Date: 2023
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DOI: 10.1080/13504851.2022.2096857

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