Table 5.
Conditional efficiency regressions, various social distancing policies, first 100 days.
| Panel A: Any Social Distancing Policy | ||
|---|---|---|
| Variable | p-Value | Better efficiency occurs when… |
| SIPO | 0.07* | A state does not have a SIPO policy on day j. |
| Non-essential business closures | 0.001*** | A state has a non-essential business closure policy on day j. |
| Mandatory quarantine for travelers | 0.001*** | A state has a mandatory quarantine for travelers policy on day j. |
| Large gathering ban | 0.001*** | A state has a large gathering ban policy on day j. |
| Panel B: All Social Distancing Policies | ||
| All 4 policies | 0.001*** | A state has a SIPO, non-essential business closure, mandatory quarantine for travelers, and large gathering ban policy on day j. |
| Panel C: SIPO/Business/Large | ||
| SIPO/Business/Large | 0.001*** | A state has a SIPO, non-essential business closure, and large gathering ban policy on day j. |
| Panel D: SIPO Only | ||
| SIPO | 0.001*** | A state has a SIPO policy on day j. |
*** refers to significance at the 1-percent level; ** refers to significance at the 5-percent level; * refers to significance at the 10-percent level.
Note: Panel A: Any Social Distancing Policy refers to if a state has any of the following policies on day j: (i) SIPO; (ii) non-essential business closure; (iii) mandatory quarantine for travelers; and/or (iv) ban on large gatherings. Panel B: All 4 Social Distancing Policies refers to if a state has all 4 of the following social distancing policies on day j: (i) SIPO; (ii) non-essential business closure; (iii) mandatory quarantine for travelers; and/or (iv) ban on large gatherings. Panel C: SIPO/Business/Large refers to if a state has all of the following policies on day j: (i) SIPO; (ii) non-essential business closure; and (iii) ban on large gatherings. Panel D: SIPO Only refers to if a state has a SIPO order on day j.