Table 2.

Government response stringency index (SI) and COVID-19 transmission rate, with country characteristics interactions, FE, selected countries, N = 4179

	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)
SI	− 0.0090***	− 0.0092***	− 0.0090***	− 0.0089***	− 0.0089***	− 0.0091***	− 0.0091***	− 0.0091***
	(0.0004)	(0.0004)	(0.0005)	(0.0005)	(0.0005)	(0.0004)	(0.0004)	(0.0005)
SI * ln GDP pc		− 0.0030***		− 0.0003	− 0.0014**			0.0013
		(0.0004)		(0.0005)	(0.0005)			(0.0008)
SI * Pop density			0.0059***	0.0058***	0.0055***			0.0054***
			(0.0020)	(0.0020)	(0.0020)			(0.0020)
SI * ln surface area			0.0031***	0.0029***	0.0030***			0.0040***
			(0.0005)	(0.0005)	(0.0005)			(0.0006)
SI * PM2.5			0.0030***	0.0029***	0.0025***			0.0018***
			(0.0003)	(0.0004)	(0.0004)			(0.0004)
SI * Employment rate					0.0018***	− 0.0004	− 0.0002	0.0003
					(0.0004)	(0.0004)	(0.0004)	(0.0006)
SI * Health expenditure, % GDP						− 0.0018***	− 0.0018***	− 0.0026***
						(0.0005)	(0.0005)	(0.0006)
SI * Physicians per 1000 people							− 0.0012**	− 0.001
							(0.0006)	(0.0006)
SI * % 65 yo +						− 0.0024***	− 0.0015**	0.0001
						(0.0005)	(0.0006)	(0.0007)
R2 adj.	0.156	0.170	0.186	0.186	0.189	0.180	0.180	0.192

Note: The subset of selected countries includes those with number of infected> 19 when school or workplace closures are enacted, 55 countries. SI denotes Stringency Index, provided by the OxCGRT data. Coefficients presented, standard errors in parenthesis. Statistical significance is denoted as ^∗10%, ^∗∗5%, and ^∗∗∗1% levels