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What drives innovation? : lessons from COVID-19 R&D
Agarwal, Ruchir; Gaulé, Patrick - 2021
To examine the drivers of innovation, this paper studies the global R and D effort to fight the deadliest diseases and … and innovation can be very large, as demonstrated by aggregate flow of clinical trials increasing by 38% in 2020, with …, while economists are naturally in favor of market size as a driving force for innovation (i.e.'if the market size is …
Persistent link: https://www.econbiz.de/10012518690
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A pandemic forecasting framework : an application of risk analysis
Dizioli, Allan Gloe; Greenwood, Daniel Rivera; … - 2021
This paper introduces a simple, frequently and easily updated, close to the data epidemiological model that has been used for near-term forecast and policy analysis. We provide several practical examples of how the model has been used. We explain the epidemic development in the UK, the USA and...
Persistent link: https://www.econbiz.de/10012796794
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Capital markets, COVID-19 and policy measures
ElFayoumi, Khalid; Hengge, Martina - 2021
The COVID-19 pandemic and associated policy responses triggered a historically large wave of capital reallocation between markets and asset classes. Using high-frequency country-level data, this paper examines if and how the number of COVID cases, the stringency of the lockdown, and the fiscal...
Persistent link: https://www.econbiz.de/10012518278
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What determines social distancing? : evidence from advanced and emerging market economies
Dabla-Norris, Era; Khan, Hibah; Lima, Frederico - 2021
The health and economic consequences of COVID-19 are closely tied to individual compliance with recommended protective behaviors. We examine the determinants of this compliance using survey data from the COVID Behavior Tracker for 29 advanced and emerging market economies between March and...
Persistent link: https://www.econbiz.de/10012613656
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Mask mandates save lives
Hansen, Niels-Jakob Harbo; Mano, Rui - 2021
We quantify the effect of mask mandates in the United States. Our regression discontinuity design exploits county-level variation in COVID-19 cases, hospital admissions, and deaths across the border between states with and without mandates. We find a significant and substantial effect-mask...
Persistent link: https://www.econbiz.de/10012605500
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Protecting lives and livelihoods with early and tight lockdowns
Caselli, Francesca; Grigoli, Francesco; Lian, Weicheng; … - 2020
Persistent link: https://www.econbiz.de/10012392498
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Dirty money : does the risk of infectious disease lower demand for cash?
Cevik, Serhan - 2020
The coronavirus pandemic is a global crisis like no other in modern times, and there is a growing apprehension about handling potentially contaminated cash. This paper is the first empirical attempt in the literature to investigate whether the risk of infectious diseases affects demand for...
Persistent link: https://www.econbiz.de/10012392624
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Contagion of fear : is the impact of COVID-19 on sovereign risk really indiscriminate?
Cevik, Serhan; Öztürkkal, Belma - 2020
This paper investigates the impact of infectious diseases on the evolution of sovereign credit default swap (CDS) spreads for a panel of 77 advanced and developing countries. Using annual data over the 2004-2020 period, we find that infectious-disease outbreaks have no discernible effect on CDS...
Persistent link: https://www.econbiz.de/10012392655
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Going viral : a gravity model of infectious diseases and tourism flows
Cevik, Serhan - 2020
This paper develops a gravity model framework to estimate the impact of infectious diseases on bilateral tourism flows among 38,184 pairs of countries over the period 1995-2017. The results confirm that international tourism is adversely affected by disease risk, and the magnitude of this...
Persistent link: https://www.econbiz.de/10012252260
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The effects of COVID-19 vaccines on economic activity
Deb, Pragyan; Furceri, Davide; Jiménez, Daniel; … - 2021
Persistent link: https://www.econbiz.de/10012796628