Is democracy affecting the economic policy responses to COVID-19? A cross-country analysis

João Costa-Filho and Antonio Neto
Authors registered in the RePEc Author Service: João Ricardo Mendes Gonçalves Costa Filho

MPRA Paper from University Library of Munich, Germany

Abstract: How does democracy relate to the initial economic policy responses to Covid-19? Using a cross-country analysis, we find that countries with a higher degree of democracy have stronger economic policy responses than their peers. However, when we separate monetary and financial policies from fiscal policy, democracy is not associated with the latter when we control for the income level of a country. Finally, for countries with lower levels of labor participation, high levels of income inequality are associated with weaker policy responses.

Keywords: Covid-19; Democracy; Economic Policy (search for similar items in EconPapers)
JEL-codes: E02 E52 E60 E62 (search for similar items in EconPapers)
Date: 2020-06-18
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Is democracy affecting the economic policy responses to COVID-19? A cross-country analysis (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:101235

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