Table 4.
Robustness checks.
|
Panel A. Mortality rates (13th of May), climate risk, readiness, and individualism. | ||||||
|---|---|---|---|---|---|---|
| (1) OLS (DR1) | (2) OLS (DR1) | (3) Tobit (DR1) | (4) OLS (DR2) | (5) OLS (DR2) | (6) Tobit (DR2) | |
| Climate Risk | 0.021** | 0.091*** | ||||
| (0.009) | (0.034) | |||||
| Readiness | −0.085** | −0.144** | −0.139** | −0.178 | −0.570* | −0.558** |
| (0.041) | (0.059) | (0.054) | (0.171) | (0.295) | (0.268) | |
| Individualism | 0.114*** | 0.117*** | 0.319*** | 0.330*** | ||
| (0.026) | (0.024) | (0.116) | (0.106) | |||
| Controls | Yes | Yes | Yes | Yes | Yes | Yes |
| Region dummies | Yes | Yes | Yes | Yes | Yes | Yes |
| N | 110 | 81 | 81 | 109 | 80 | 80 |
| R2 | 0.397 | 0.525 | 0.447 | 0.524 | ||
| Panel B. Mortality rates (30th of April), climate risk, readiness, and individualism | ||||||
| Climate Risk | 0.021** | 0.082*** | ||||
| (0.009) | (0.029) | |||||
| Readiness | −0.079* | −0.121* | −0.117** | −0.164 | −0.516* | −0.507** |
| (0.044) | (0.061) | (0.056) | (0.150) | (0.261) | (0.237) | |
| Individualism | 0.119*** | 0.121*** | 0.277*** | 0.286*** | ||
| (0.026) | (0.024) | (0.099) | (0.091) | |||
| Controls | Yes | Yes | Yes | Yes | Yes | Yes |
| Region dummies | Yes | Yes | Yes | Yes | Yes | Yes |
| N | 110 | 81 | 81 | 109 | 80 | 80 |
| R2 | 0.350 | 0.494 | 0.449 | 0.530 | ||
Notes: This table reports estimation results using alternative dates, mortality rate definitions and estimation methods. The results are reported only for the main variables of interest for brevity. Panel A (Panel B) gives the results for the Covid-19 mortality rate measured on 13th May (30th April). In Columns 1–3 (Columns 4–6) we define mortality by the ratio of the number of deaths to total cases (the number of deaths per 100,000 population). Variable definitions are presented in Appendix A. Robust standard errors are in parenthesis. ***, **, * denote the significance level at 1%, 5%, and 10%, respectively.