Table 2.
Quarter-on-quarter Real GDP Growth – Reported and Excess Deaths.
| Reported Deaths | Excess Deaths | |||||
|---|---|---|---|---|---|---|
| 2020–2021 | 2020 | 2021 | 2020–2021 | 2020 | 2021 | |
| (1) | (2) | (3) | (4) | (5) | (6) | |
| (Intercept) | 0.86⁎⁎ | 1.70⁎⁎⁎ | 2.49⁎⁎⁎ | 0.93⁎⁎⁎ | 2.09⁎⁎⁎ | 2.53⁎⁎⁎ |
| (0.33) | (0.63) | (0.34) | (0.32) | (0.55) | (0.35) | |
| Δ Daily Deaths per 100K | −0.87 | −2.68 | −0.11 | −0.35 | −1.11 | 0.08 |
| (0.53) | (1.73) | (0.56) | (0.32) | (0.96) | (0.27) | |
| Δ OSI | −0.08⁎⁎⁎ | −0.10⁎⁎⁎ | −0.04⁎⁎ | −0.08⁎⁎⁎ | −0.10⁎⁎⁎ | −0.04⁎⁎⁎ |
| (0.02) | (0.03) | (0.02) | (0.02) | (0.03) | (0.02) | |
| Lagged Dependent Variable | −0.32⁎⁎⁎ | −0.39⁎⁎⁎ | −0.22⁎⁎⁎ | −0.32⁎⁎⁎ | −0.40⁎⁎⁎ | −0.23⁎⁎⁎ |
| (0.03) | (0.04) | (0.07) | (0.03) | (0.04) | (0.07) | |
| R2 | 0.76 | 0.80 | 0.31 | 0.76 | 0.80 | 0.31 |
| Time and country FE? | Y | Y | Y | Y | Y | Y |
| Num. obs. | 559 | 304 | 255 | 559 | 304 | 255 |
Note: This table uses data from CEIC, Ritchie et al. (2020), Dong et al. (2020), Hale et al. (2021), and The Economist (2022). All regressions are run using standard OLS due to the possible issues associated with using reported cases. Time and country fixed effects are used throughout. Robust standard errors (in parentheses) are clustered at the country level.
⁎⁎
p < 0.05;.
⁎⁎⁎
p < 0.01.
*p < 0.10;.