Table 2.

Results of Ordinary Least Squares (OLS) and Kernel-based Regularized Least Squares (KRLS) estimations (all countries).

Indicator	OLS (I)	KRLS (II)
Share of population: ages 65 and above	0.075 (0.096)	0.005 (0.006)
Share of population: ages 0–14	−0.020 (0.057)	−0.001 (0.004)
Log population density	−0.197 (0.221)	−0.036 (0.057)
Health equipment	−0.121 (0.146)	−0.010 (0.022)
Physicians	−0.077 (0.285)	−0.018 (0.036)
Average temperatures	−0.003 (0.005)	−0.001 (0.006)
Testing and tracking policies	−0.245 (0.213)	−0.091 (0.058)
Economic complexity	0.529 (0.530)	0.021 (0.055)
Post-tax Gini	0.774 (4.909)	0.004 (0.865)
Labor market regulations	−0.039 (0.209)	−0.046 (0.059)
Log globalization	−5.273 (3.747)	−0.281 (0.246)
Democracy/autocracy spectrum	0.031 (0.056)	0.008 (0.010)
Internal- and external conflicts	0.775*** (0.233)	0.167*** (0.045)
R-squared	0.1819	0.2093
Observations	120	120

The dependent variable is the case fatality rate (CFR). The robust standard errors are in ().

^***p < 0.01.