PANDEMICS, LOCKDOWN AND ECONOMIC GROWTH: A REGION-SPECIFIC PERSPECTIVE ON COVID-19

Authors

Devi Prasad Dash, Indian Institute of Technology, IndiaFollow
Narayan Sethi, National Institute of Technology (NIT), IndiaFollow

Document Type

Article

Abstract

This study examines the impacts of COVID-19 induced factors and country specific health-care infrastructure and co-morbid factors on economic growth between January 1, 2021, to May 31, 2021 for 19 South and South-east Asian (SSEA) economies. Our findings indicate that COVID-19 related mortality negates growth, while vaccination and testing have no significant impact on growth during this period. We further quantify the effects by instrumenting government policy measures and vaccination drives in terms of testing, tracking and mortality. Our findings show a negative effect of lockdowns on growth, while vaccination has a positive impact on growth and controls fatality rate considerably.

Recommended Citation

Dash, Devi Prasad and Sethi, Narayan (2022) "PANDEMICS, LOCKDOWN AND ECONOMIC GROWTH: A REGION-SPECIFIC PERSPECTIVE ON COVID-19," Bulletin of Monetary Economics and Banking: Vol. 25: No. 0, Article 5.
DOI: https://doi.org/10.21098/bemp.v25i0.1841
Available at: https://bulletin.bmeb-bi.org/bmeb/vol25/iss0/5

First Page

43

Last Page

60

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Country

India

Affiliation

Indian Institute of Technology