Table 2.
Summary statistics.
| Variable | Observations | Mean | Standard deviation | Minimum value | Maximum value |
|---|---|---|---|---|---|
| Stock market returns | 2750 | −0.00 | 0.03 | −0.11 | 0.08 |
| Growth in confirmed cases | 2750 | 0.19 | 0.62 | 0.00 | 22.00 |
| Stringency index | 2750 | 1.39 | 4.92 | −13.00 | 44.00 |
| Containment and health index | 2750 | 1.24 | 4.15 | −11.00 | 38.00 |
| Economic support index | 2750 | 1.09 | 6.89 | −12.00 | 100.00 |
This table reports the summary statistics of main variables. Stock market returns is measured as the daily change in major stock index of a country. Growth in confirmed cases is measured as the daily growth in COVID-19 confirmed cases in a country. Stringency index represents the announcements of government social distancing measures, such as closure of schools, work places and public places, and restrictions on internal and international travel. Containment and health index represents the announcements of government policies regarding public awareness campaigns, testing policy and contact tracing. Economic support index represents the government announcements of income support and debt/contract relief for households.