COVID-19 anti-contagion policies and economic support measures in the USA

Dergiades, Theologos, Milas, Costas ORCID: 0000-0002-9789-384X, Mossialos, Elias ORCID: 0000-0001-8664-9297 and Panagiotidis, Theodore (2023) COVID-19 anti-contagion policies and economic support measures in the USA. Oxford Economic Papers, 75 (3). pp. 613-630.

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Official URL: http://dx.doi.org/10.1093/oep/gpac031

Abstract

<jats:title>Abstract</jats:title> <jats:p>Current literature assumes that non-pharmaceutical interventions (NPIs) reduce COVID-19 infections uniformly, that is, irrespectively of their strength. The role of economic support measures (ESM) in controlling the virus is also overlooked. Using a panel threshold model of COVID-19 cases in the US states, we identify three distinct regimes of ‘low’, ‘medium’, and ‘high’ severity interventions; the latter being more effective towards reducing infections growth. ESM increase the efficacy of NPIs through a behavioural channel that lowers the workplace hours supplied by individuals. Nonetheless, when containment policies are not very stringent (‘low’ regime) or are too draconian (‘high’ regime), ESM are less effective towards suppressing the pandemic. Finally, we find that the largest impact towards reducing the growth of infections comes jointly from school closures, workplace closures, cancelation of public events, and restrictions on internal movement, followed by the stay-at-home requirements, and the closure of public transport.</jats:p>

Item Type:	Article
Divisions:	Faculty of Humanities and Social Sciences > School of Management
Depositing User:	Symplectic Admin
Date Deposited:	22 Jul 2022 07:02
Last Modified:	08 Nov 2023 23:53
DOI:	10.1093/oep/gpac031
Related URLs:	Publisher
URI:	https://livrepository.liverpool.ac.uk/id/eprint/3159101