Government Reactions and Policies in a Global Pandemic Crisis: COVID-19 Outbreak
Dr. Mohammad Nurunnabi
Dr. Francisco Bastida
Dr. Hisham Mohammed Alhawal
Dr. Enrico Bracci
Our empirical model indicates that greater CFR (death toll over infected population), greater GDP per capita and higher dependence from tourism, mean higher GDP shocks due to COVID-19. The government policy of testing infection is connected to the infection statistics, which is right, since testing areas with higher infections will prevent future deaths. Furthermore, wealthier countries are testing their citizens to a significant higher extent, which claims for a strategy of world solidarity to help less developed countries to check the clinical attack to prevent new outbreak waves. Rapid response to the outbreak would have flattened the infection curve. It was one of the keys of South Korean success. Finally, wealthier countries show more tests per 100,000 inhabitants and greater delays in setting lockdowns, maybe prompted by the fear of economic downturns: we report a positive, 1% significant correlation of 0.30 between GDP per capita and the time lag from first infection till lockdown.
Keywords: COVID-19; Government; Policy; GDP