Table 2.
Obs | Mean | S.D | Min | Max | ||
---|---|---|---|---|---|---|
excess_a (baseline, in %) | All | 52 | 0.0076 | 0.0062 | 0 | 0.0233 |
Northern hemisphere | 43 | 0.0068 | 0.0068 | 0 | 0.0233 | |
Southern hemisphere | 9 | 0.0115 | 0.0115 | 0.003 | 0.0217 | |
excess_b (in %) |
All | 52 | 0.0085 | 0.0069 | 0 | 0.025 |
Northern hemisphere | 43 | 0.0079 | 0.0071 | 0 | 0.025 | |
Southern hemisphere | 9 | 0.0115 | 0.0115 | 0.003 | 0.0217 | |
excess_c (in %) |
All | 52 | 0.0066 | 0.0059 | 0 | 0.0224 |
Northern hemisphere | 43 | 0.0061 | 0.0058 | 0 | 0.0224 | |
Southern hemisphere | 9 | 0.0090 | 0.0060 | 0 | 0.0189 | |
Output | Output1 (baseline) | 52 | 1.30 | 2.74 | -8.35 | 6.61 |
Output2 | 52 | 1.54 | 3.79 | -12.32 | 10.48 | |
Output3 | 52 | 1.12 | 2.74 | -8.71 | 6.89 | |
Productivity (baseline) |
Labor productivity | 46 | 1.61 | 2.92 | -9.35 | 7.24 |
TFP | 45 | 2.74 | 2.81 | -7.14 | 8.58 | |
Consumption (baseline) | 52 | 1.43 | 4.29 | -8.39 | 13.13 | |
Investment (baseline) | 52 | 0.91 | 1.79 | -2.83 | 6.54 |
Source: WHO, PWT 9.1, and authors’ calculation.
Baseline: Averaged 1968–70 deviation (for the Northern hemisphere) and averaged 1969–70 deviation (for the Southern hemisphere) from pre-pandemic (1965–67).
Output 2; excess_b: Averaged 1969–70 deviations from pre-pandemic (1965–67).
Output3; excess_c: Averaged 1968–70 deviation (for the Northern hemisphere) and averaged 1969–70 deviation (for the Southern hemisphere) from pre-pandemic (1963–67).