Table 7.
Variable statistics
| Variable | Description/Construction | Obs | Mean | St.Dev |
|---|---|---|---|---|
| “baseline” |
Pre-pandemic period: 1965–1967 Pandemic period: 1968–1970 for the Northern hemisphere and 1969–1970 for the Southern hemisphere |
|||
| excess_a | Difference in mean mortality rate during the pandemic period relative to the pre-pandemic period (baseline, %) | 52 | .0076364 | .0062479 |
| excess_b | Similar measure to “excess_a”, except the pandemic period is 1969–1970 for all countries (%) | 52 | .0085065 | .0069851 |
| excess_c | Similar measure to “excess_a”, except the pre-pandemic period is 1963–1967 | 52 | .0065971 | .0058643 |
| Output1 | Difference in gdp growth between the pandemic and pre-pandemic periods (baseline, %) | 52 | 1.296932 | 2.74062 |
| Output2 | Similar measure to “Output2”, where the pandemic period is 1969–1970 for all countries (%) | 52 | 1.541994 | 3.791761 |
| Output3 | Difference in gdp growth between crisis and pre-pandemic periods (where pre-pandemic period is 1963–1967) | 52 | 1.116796 | 2.735895 |
| lapro (labor productivity) | Difference in labor productivity growth between the pandemic and pre-pandemic periods (%) [labor productivity is measured by real output per worker] | 46 | 1.607972 | 2.923586 |
| TFP | Difference in total factor productivity growth between the pandemic and pre-pandemic periods (%) | 45 | 2.738219 | 2.812022 |
| con (consumption) | Difference in real per capita consumption growth between the pandemic and pre-pandemic periods (baseline, %) | 52 | 1.429617 | 4.291726 |
| inv (investment) | Difference in investment growth between the pandemic and pre-pandemic periods (baseline, %) | 52 | .9103743 | 1.7928 |
| cpi0 | Inflation in the pre-pandemic period 1965–1967 | 52 | 2.326184 | 2.557353 |
| govt0 | Government spending (as % of GDP) in the pre-pandemic period 1965–1967 | 52 | .1469494 | .0699663 |
| pop0 | Population growth in the pre-pandemic period 1965–1967 | 52 | .0179479 | .0101987 |
| open0 | Trade openness in the pre-pandemic period 1965–1967 (dummy) | 52 | .5384615 | .5033822 |
| pol0 | Political right index in the pre-pandemic period 1965–1967 | 52 | 79.03846 | 22.09513 |
| school0 | Years of secondary schooling in the pre-pandemic period 1965–1967 | 52 | 1.080893 | .8060666 |