The Drivers of Policies to Limit the Spread of COVID-19 in Europe
Abstract
:1. Introduction
2. Materials and Methods
3. Results
4. Discussion
5. Conclusions and Policy Recommendations
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Acknowledgments
Conflicts of Interest
1 | To learn more about the methodology used to calculate the stringency index, see: https://github.com/OxCGRT/covid-policy-tracker/blob/master/documentation/index_methodology.md (accessed on 5 January 2022). |
2 | Our database is the result of the compilation of different databases from different organisations. We were able to compile data monthly from those concerning epidemiology. On the other hand, economic data (GDP/capita) and demographic and health data (elderly and severe diseases) could only be collected on a yearly basis. This is a limitation of our database, but unfortunately the producing organizations do not publish such data on a monthly basis. |
3 | Coronavirus 2019-nCoV, CSSE. Coronavirus 2019-nCoV Global Cases and Deaths by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University (JHU). |
4 | See Eurostat: https://ec.europa.eu/eurostat/web/products-datasets/-/sdg_08_10 (accessed on 5 January 2000). |
5 | See ECDPC: https://www.ecdc.europa.eu/en/covid-19/data (accessed on 5 January 2000). |
6 | See World Bank: https://data.worldbank.org/indicator/SP.POP.65UP.TO.ZS (accessed on 5 January 2000) and https://data.worldbank.org/indicator/SH.DYN.NCOM.ZS (accessed on 5 January 2000). |
7 | All the countries of the European Union (except Malta, where no data were available regarding our dependant variable), Norway and the United Kingdom. |
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Variable | Description | Description |
---|---|---|
Stringency Index | Mean of the composite measure (based on nine response indicators rescaled to a value from 0 to 100 (100 = strictest)) for a given month | Oxford COVID-19 Government Response Tracker |
NewDeath | Number of new deaths which occurred during a given month | Johns Hopkins Institute |
Incidence | Number of positive tests per 100,000 inhabitants during a given month | Johns Hopkins Institute |
GDP/capita | GDP/capita in 2020 | Eurostat |
ICU beds | Number of ICU beds per country for a given month | European Centre for Disease Prevention and Control |
Elderly | Number of people over 70 years old/total population in 2019 | World Bank |
Severe diseases | Premature mortality from cardiovascular diseases, cancer, diabetes and chronic respiratory diseases (between 30 and 70 years) (%) in 2019 | World Bank |
Variable | Min | Max | Mean | Std. Dev. |
---|---|---|---|---|
Stringency Index | 46.3 | 87.39 | 68.58 | 10.67 |
New Death | 2 | 11,336 | 1208.50 | 2444.66 |
Incidence | 1.8 | 425 | 59.25 | 90.54 |
GDP/capita | 18,563.31 | 94,277.97 | 37,274.66 | 15,239.80 |
ICU beds | 2.22 | 8 | 4.90 | 1.75 |
Elderly | 8.56 | 16.24 | 12.58 | 1.97 |
Severe diseases | 8.4 | 24.2 | 13.50 | 2.87 |
Coef. | |
---|---|
Chi-square test value | 14.396 |
p-value | 0.000 |
(1) | (2) | (3) | ||||
---|---|---|---|---|---|---|
GLS Random Effects | Individual Fixed | Individual Random and Time Fixed | ||||
Variable | Value | Pr > |t| | Value | Pr > |t| | Value | Pr > |t| |
NewDeath | 0.009 | <0.0001 | 0.006 | 0.001 | 0.005 | 0.001 |
Incidence | 0.002 | <0.0001 | 0.001 | 0.033 | 0.001 | 0.005 |
GDP/capita | 0.003 | 0.008 | 0.003 | 0.02 | 0.014 | 0.02 |
ICU beds | 2.516 | 0.032 | 1.84 | 0.039 | 1.36 | 0.03 |
Elderly | 0.389 | 0.02 | 0.066 | 0.025 | 0.241 | 0.027 |
Severe Diseases | −4.318 | <0.0001 | −1.909 | 0.033 | −1.2 | 0.002 |
Ajusted R2 | 0.619 | 0.631 | 0.607 | |||
F-statistic | 15.49 | <0.0001 | 19.11 | <0.0001 | 9.65 | 0.002 |
Number of observations | 364 | 364 | 364 |
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Bourdin, S.; Ben Miled, S.; Salhi, J. The Drivers of Policies to Limit the Spread of COVID-19 in Europe. J. Risk Financial Manag. 2022, 15, 67. https://doi.org/10.3390/jrfm15020067
Bourdin S, Ben Miled S, Salhi J. The Drivers of Policies to Limit the Spread of COVID-19 in Europe. Journal of Risk and Financial Management. 2022; 15(2):67. https://doi.org/10.3390/jrfm15020067
Chicago/Turabian StyleBourdin, Sebastien, Slimane Ben Miled, and Jamil Salhi. 2022. "The Drivers of Policies to Limit the Spread of COVID-19 in Europe" Journal of Risk and Financial Management 15, no. 2: 67. https://doi.org/10.3390/jrfm15020067
APA StyleBourdin, S., Ben Miled, S., & Salhi, J. (2022). The Drivers of Policies to Limit the Spread of COVID-19 in Europe. Journal of Risk and Financial Management, 15(2), 67. https://doi.org/10.3390/jrfm15020067