Table 4.

Panic and media dependence on Covid-19.

Dependent variable	Panic index	Media coverage
Covid cases	0.7094	0.459466
	(0.042)**	(0.000)*
Covid deaths	−0.2064	−0.1777
	(0.544)	(0.164)
Constant	−5.526	0.1546
	(0.000)*	(0.740)
R-Squared	0.79237	0.896647

Values in parenthesis are $p$-value. *,**,*** represents significance at 1%, 5% and 10% confidence level.