IDEAS home Printed from https://ideas.repec.org/a/lde/journl/y2021i95p11-44.html
   My bibliography  Save this article

Economic, Political and Health Panorama of Latin America and the Caribbean at the Beginning of The COVID-19 Pandemic

Author

Listed:
  • Luis Eduardo Peñafiel Chang

    (Pontificia Universidad Católica Argentina)

Abstract

This article seeks to reduce the dimensionality of a group of economic, health, social and political variables of Latin American and Caribbean countries through the application of principal components (PC) and cluster, to acquire a better perception regarding the conditions under which counted the region to face the first moment of the COVID-19 pandemic with cut-off to April 10, 2020. Among the main results is that the countries that have better social, political stability and corruption indicators not only have superior health infrastructures, but they were also the ones that best managed the first phase of the pandemic. However, if good conditions are not combined with mitigation strategies, the virus tends to spread further. On the other hand, there are also typical characteristics in Latin America and the Caribbean, such as little investment in health; low amount of COVID-19 testing and limited financial maneuvering. In summary, the economic, political, and social panorama of the region shows the great challenges that will persist during and after the pandemic.

Suggested Citation

  • Luis Eduardo Peñafiel Chang, 2021. "Economic, Political and Health Panorama of Latin America and the Caribbean at the Beginning of The COVID-19 Pandemic," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 95, pages 11-44, July-Dece.
    • Handle: RePEc:lde:journl:y:2021:i:95:p:11-44
    DOI: 10.17533/udea.le.n95a344608
    as

    Download full text from publisher

    File URL: https://revistas.udea.edu.co/index.php/lecturasdeeconomia/article/view/344608
    Download Restriction: no
    File URL: https://libkey.io/10.17533/udea.le.n95a344608?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    political institutions; multivariate analysis; international economic relations; health policy; COVID-19.;
    All these keywords.

    JEL classification:

    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lde:journl:y:2021:i:95:p:11-44. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Carlos Andrés Vasco Correa (email available below). General contact details of provider: https://edirc.repec.org/data/deantco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.