Table 5. Contagion channels.
Geographic Spillovers | Decreasing | Sectoral | |||||||
---|---|---|---|---|---|---|---|---|---|
Elderly | Hospital | Relative | Absolute | Residents | Effectiveness | Decompos. | |||
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | |
d11t × Shutd11m | -0.0342*** | -0.0826*** | -0.0284*** | -0.020** | -0.019** | -0.127*** | -0.0673*** | ||
(-4.52) | (-4.43) | (-3.47) | (-2.46) | (-2.33) | (-3.84) | (-4.93) | |||
d11t × Shutd11m × Hospitp | 0.261*** | ||||||||
(2.60) | |||||||||
d11t × Shutd11n | -0.0276** | -0.109*** | -0.122*** | ||||||
(-2.31) | (-5.74) | (-6.08) | |||||||
d11t × | 0.0023*** | ||||||||
(2.97) | |||||||||
d11t × Shutd11m × Q1m | -0.085*** | ||||||||
(-4.31) | |||||||||
d11t × Shutd11m × Q2m | -0.071*** | ||||||||
(-3.34) | |||||||||
d11t × Shutd11m × Q3m | -0.007 | ||||||||
(-0.41) | |||||||||
d11t × Food11m | -0.0049 | ||||||||
(-0.46) | |||||||||
d11t × Retail11m | -0.0681*** | ||||||||
(-3.97) | |||||||||
d11t × Personal11m | -0.0682** | ||||||||
(-2.02) | |||||||||
d25t × Shutd25m | -0.00495 | -0.00534 | -0.00397 | 0.00081 | 0.00011 | -0.00652 | -0.0069 | -0.0095** | -0.00613 |
(-0.95) | (-1.08) | (-0.79) | (0.19) | (0.04) | (-1.31) | (-1.41) | (-1.99) | (-1.24) | |
ym,t−1 | 0.0383*** | 0.0366*** | 0.0366*** | 0.0329*** | 0.0330*** | 0.0355*** | 0.367*** | 0.0306*** | 0.0366*** |
(4.16) | (4.07) | (3.91) | (3.68) | (3.71) | (4.06) | (4.05) | (2.83) | (4.06) | |
Interaction Controls | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Municipality FE | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
ArrDay × Time FE | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Obs. | 99,466 | 100,563 | 96,853 | 98,729 | 98,713 | 100,563 | 100,563 | 67,363 | 100,563 |
R2 | 0.267 | 0.270 | 0.270 | 0.272 | 0.231 | 0.270 | 0.269 | 0.270 | 0.270 |
Adj. R2 | 0.226 | 0.229 | 0.229 | 0.272 | 0.231 | 0.229 | 0.223 | 0.217 | 0.229 |
This table presents results on contagion channels, returns to scale, and other extensions. Hospitp measures the degree of hospitalization per capita in province p. In columns 3, 4 and 5, Shutd11n are the 1st policy exposures of the largest hit municipality within p in relative, absolute and population terms. Q1 − Q3 are Shutd11m tercile dummy variables. The sample in column (8) includes the first two terciles of Shutd11m. Food11m, Retail11m and Personal11m are the exposures of m to the food, retail, and personal services, respectively. Interactions of d11t with PopDensm, IncIneqm, and IntMobm are included throughout but suppressed for brevity; likewise for pairwise interaction terms in column (2) and (7). t-stats in parentheses. S.E. clustered at municipality- and day-level.
*, ** and *** are significance at the 10%, 5% and, 1% level. Variable definitions are in S1 Table.