Table 2.

Regression results for vaccination-GDP elasticity.

	Baseline	Controls (trade partners)	Direct effect
Vaccinated people (per 100)	0.054***	0.052***	0.043***
	(0.044, 0.064)	(0.042, 0.061)	(0.033, 0.052)
Cases (lag)	0.001**	0.001***	0.002***
	(−0.000, 0.001)	(0.000, 0.002)	(0.001, 0.003)
Deaths (lag)	−0.068***	−0.041***	−0.049***
	(−0.103, −0.033)	(−0.075, −0.007)	(−0.086, −0.012)
Reproduction rate (lag)	−1.606***	−1.305***	−0.883***
	(−1.850, −1.363)	(−1.540, −1.071)	(−1.123, −0.642)
Mobility Index (lag)	0.057***	0.048***	0.054***
	(0.046, 0.068)	(0.038, 0.059)	(0.044, 0.064)
Stringency Index (lag)	0.014***	0.013***	0.007*
	(0.006, 0.023)	(0.005, 0.021)	(0.001, 0.015)
Temperature	0.052***	0.008	−0.014
	(0.030, 0.071)	(−0.012, 0.028)	(−0.034, 0.006)
Vaccination of trade partners		−0.093***	−0.090***
		(−0.115, −0.071)	(−0.112, −0.069)
Deaths in trade partners		−0.461***	−0.453***
		(−0.595, −0.328)	(−0.586, −0.320)
Cases in partners		0.001	0.003***
		(−0.001, 0.003)	(0.001, 0.005)
GDP of partners		0.861***	0.732***
		(0.755, 0.967)	(0.628, 0.836)
Cases			−0.002***
			(−0.002, −0.001)
Deaths			−0.086***
			(−0.124, −0.047)
Reproduction rate			−1.667***
			(−1.948, −1.386)
Country dummies	Yes	Yes	Yes
Week dummies	Yes	Yes	Yes
Observations	4204	4204	4204
R2	0.774	0.794	0.807
Adjusted R2	0.766	0.787	0.800
Residual Std. Error	2.497 (df = 4059)	2.384 (df = 4055)	2.309 (df = 4052)
F Statistic	96.581*** (df = 144; 4059)	105.695*** (df = 148; 4055)	112.311*** (df = 151; 4052)

*p < 0.1, **p < 0.05, and ***p < 0.01