Table 5.
Basic result on the relationship between COVID-19 control measures and the recovery index: Estimation by MCO and TMC
| MCO | MCO | MCO | MCO | MCO | MCO | TCM | |
|---|---|---|---|---|---|---|---|
| IR_pib | IR_pib | IR_pib | IR_pib | IR_pib | IR_pib | IR_pib | |
| VARIABLES | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| Income support | −0.227*** | −0.0713*** | −0.0944*** | −0.0170** | −0.0170** | ||
| (0.0154) | (0.0160) | (0.0164) | (0.0154) | (0.0210) | |||
| Debt relief | −0.190*** | −0.172*** | −0.205*** | −0.216*** | −0.216*** | ||
| (0.00980) | (0.0104) | (0.0113) | (0.0102) | (0.0111) | |||
| Corruption | −0.228*** | −0.375*** | −0.0796*** | −0.0796** | |||
| (0.00942) | (0.0152) | (0.0260) | (0.0330) | ||||
| School closure | −0.163*** | −0.163*** | |||||
| (0.0118) | (0.0117) | ||||||
| Workplace closures | −0.0830*** | −0.0830*** | |||||
| (0.00931) | (0.0101) | ||||||
| Cancellation of events | 0.225*** | 0.225*** | |||||
| (0.0112) | (0.0115) | ||||||
| Quarantine | −0.0235*** | −0.0235*** | |||||
| (0.00104) | (0.000922) | ||||||
| Containment index | −0.000697*** | −0.000697*** | |||||
| (1.85e-05) | (1.84e-05) | ||||||
| Hand washing | 0.214*** | 0.214*** | |||||
| (0.0105) | (0.00867) | ||||||
| Restriction of gatherings | 0.160*** | 0.160*** | |||||
| (0.0181) | (0.0159) | ||||||
| Public transport | 0.154*** | 0.154*** | |||||
| (0.00963) | (0.00901) | ||||||
| Constant | 0.241*** | 0.297*** | 0.213*** | 0.302*** | 0.360*** | 0.743*** | 0.743*** |
| (0.0109) | (0.0129) | (0.00942) | (0.0132) | (0.0152) | (0.0202) | (0.0232) | |
| Observations | 4,015 | 4,015 | 4,015 | 4,015 | 4,015 | 4,015 | 4,015 |
| R-squared | 0.024 | 0.058 | 0.014 | 0.060 | 0.096 | 0.461 | 0.461 |
| F | 216.7 | 377.4 | 197.4 | 375.4 |
Source: Authors
Robust standard errors in parentheses
***p < 0.01
**p < 0.05
*p < 0.1