COVID-19 social distancing measures and economic growth: Distinguishing short- and long-term effects
Journal article
Ashraf, B. and Goodell, John W. (2022). COVID-19 social distancing measures and economic growth: Distinguishing short- and long-term effects. Finance Research Letters. 47, p. 102639. https://doi.org/10.1016/j.frl.2021.102639
Authors | Ashraf, B. and Goodell, John W. |
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Abstract | Social distancing policies have been criticized for their adverse effect on economies. However, we evidence that while they have a short-run adverse effect, they also have a long-run recovery effect on economic growth. Utilizing quarterly gross domestic product (GDP) growth rate data from OECD member states, we find that the medium-term recovery effect of stringent social distancing policies on economic growth is three times higher the short-term adverse effect. We additionally investigate social distancing measures with sub-components of GDP, as well as the conditioning roles of institutional factors. |
Keywords | Covid-19; pandemic; social distancing polices; GDP growth |
Year | 2022 |
Journal | Finance Research Letters |
Journal citation | 47, p. 102639 |
Publisher | Elsevier |
ISSN | 1544-6131 |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.frl.2021.102639 |
Web address (URL) | https://www.sciencedirect.com/science/article/pii/S1544612321005742 |
Publication dates | |
Online | 21 Dec 2021 |
Publication process dates | |
Accepted | 19 Dec 2021 |
Deposited | 26 Oct 2023 |
Accepted author manuscript | License File Access Level Open |
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Accepted author manuscript
COVID-19 Social Distancing and Economic Growth- short and long term effects .pdf | ||
License: CC BY 4.0 | ||
File access level: Open |
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