Table 10.
Impact of the pandemic mortality on output (smaller sample)
| Dependent variable | Output1 (baseline) | Output2 | Output3 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (10.1) | (10.2) | (10.3) | (10.4) | 10.5) | (10.6) | (10.7) | (10.8) | (10.9) | (10.10) | |
| excess_a (baseline) |
-1.104*** (.289) |
-1.041*** (.277) |
-1.326*** (.394) |
-0.890*** (0.309) |
||||||
| excess_b |
-1.083*** (.303) |
-1.368*** (0.432) |
-0.859** (0.335) |
|||||||
| excess_c | -1.101*** (.316) |
-1.399*** (0.474) |
-0.956** (0.360) |
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| Controls | No | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Obs | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
| R-squared | 0.19 | 0.41 | 0.41 | 0.41 | 0.31 | 0.31 | 0.32 | 0.31 | 0.30 | 0.32 |
*** p < 0.01, ** p < 0.05, * p < 0.1. Robust standard errors are in parenthesis
excess_a/ Output1 (baseline): Averaged 1968–70 deviation (for the Northern hemisphere) or averaged 1969–70 deviation (for the Southern hemisphere) in excess mortality rate or real GDP growth rate from pre-pandemic level (1965–67)
excess_b/ Output2: Averaged 1969–70 deviation in excess mortality rate or real GDP growth rate from pre-pandemic level (1965–67)
excess_c/ Output3: Averaged 1968–70 deviation (for the Northern hemisphere) or averaged 1969–70 deviation (for the Southern hemisphere) in excess mortality rate or real GDP growth rate from pre-pandemic level (1963–67)
Control variables: the underlying economic conditions, including inflation, government consumption, trade openness, years of secondary schooling, population growth, and political right index in the pre-pandemic period 1965–67
The estimation sample includes 46 countries with available data on labor productivity (the exact sample used in Table 5)