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Blanket Restrictive Measures in the Czech Republic During the COVID-19 Pandemic – A Trade-Off Concept Application

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Listed:
  • KOTEN Marek
  • ŠIMŮNEK Lubor
  • SMOLÁK Pavel
  • BEDNÁŘ Milan
  • ZUBÍKOVÁ Adéla
  • ŠEVČÍK Miroslav

Abstract

In early 2020, many widespread restrictive measures were introduced worldwide in response to the COVID-19 pandemic. These measures entailed high socio-economic costs, which have been largely overlooked due to political motivations and the difficulty of their measurement. One of them is the negative impact of widespread restrictive measures on life expectancy due to the limited school attendance and the negative impact of restrictions on the population's health status. In this paper, we use our own structural model based on the trade-off analysis method. The research compares the lost years of life in the situation of the existence of restrictive measures and, on the contrary, the situation of a complete absence of these measures. We use data from the Czech Republic between February 2020 and October 2021. Our article concludes that the number of lost years of life is many times higher when widespread restrictive measures are implemented in all considered scenarios. These findings should be considered when making further decisions on applying widespread restrictive measures in the Czech Republic.

Suggested Citation

  • KOTEN Marek & ŠIMŮNEK Lubor & SMOLÁK Pavel & BEDNÁŘ Milan & ZUBÍKOVÁ Adéla & ŠEVČÍK Miroslav, 2022. "Blanket Restrictive Measures in the Czech Republic During the COVID-19 Pandemic – A Trade-Off Concept Application," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 02, June.
  • Handle: RePEc:jis:ejistu:y:2022:i:02:id:495
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    References listed on IDEAS

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    2. Pedro Brinca & Joao B. Duarte & Miguel Faria-e-Castro, 2020. "Is the COVID-19 Pandemic a Supply or a Demand Shock?," Economic Synopses, Federal Reserve Bank of St. Louis, issue 31, May.
    3. Zhixian Lin & Christopher M. Meissner, 2020. "Health vs. Wealth? Public Health Policies and the Economy During Covid-19," NBER Working Papers 27099, National Bureau of Economic Research, Inc.
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    5. Eduard Hromada & Klara Cermakova, 2021. "Financial Unavailability Of Housing In The Czech Republic And Recommendations For Its Solution," International Journal of Economic Sciences, European Research Center, vol. 10(2), pages 47-57, December.
    6. Eduard Hromada & Klara Cermakova, 2021. "Financial Unavailability Of Housing In The Czech Republic And Recommendations For Its Solution," International Journal of Economic Sciences, European Research Center, vol. 10(2), pages 47-58, December.
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    More about this item

    Keywords

    COVID-19; Czech Republic; government responses; nationwide restrictive measures; trade-off analysis;
    All these keywords.

    JEL classification:

    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General

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