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The ‘Great Lockdown’ and its Determinants

Massimiliano Ferraresi (), Christos Kotsogiannis (), Leonzio Rizzo () and Riccardo Secomandi ()
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Massimiliano Ferraresi: European Commission Joint Research Centre
Christos Kotsogiannis: University of Exeter Business School
Leonzio Rizzo: Università di Ferrara e IEB
Riccardo Secomandi: Università di Ferrara

Working papers from Società Italiana di Economia Pubblica

Abstract: Since COVID-19 was declared a pandemic, countries on the same pandemic trajectory have adopted very different lockdown strategies. Using data for over 132 countries, and employing an event-study design, this paper identifies the role of political, economic and institutional factors in explaining the differential timing and intensity of stringency measures undertaken.

Keywords: COVID-19; lockdown measures; stringency index; institutions (search for similar items in EconPapers)
JEL-codes: E71 H12 I12 I18 (search for similar items in EconPapers)
Date: 2020-07
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