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The Economic and Institutional Determinants of COVID-19 Mortality

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  • Ivanaj, Ernest
  • Oukhallou, Youssef

Abstract

This paper examines the potential influence of economic and institutional factors on the death toll of the novel coronavirus pandemic. In this endeavour, we estimate a variety of functions using the Poisson Pseudo-Maximum Likelihood method (PPML) with cross-sectional data from 107 countries. Economic factors are represented alternatively through GDP per capita and unemployment, while the multiple aspects of institutional quality are encompassed through different indices. Our results suggest that economic variables do not directly affect the death rates of COVID-19 while institutional variables such as regulatory quality, government effectiveness and corruption control have a significant and consistent downward correlation with COVID-19 mortality across countries. These results support the claim that investing in better institutions helps mitigate the deadliness of infectious diseases.

Suggested Citation

  • Ivanaj, Ernest & Oukhallou, Youssef, 2020. "The Economic and Institutional Determinants of COVID-19 Mortality," MPRA Paper 103895, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:103895
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    References listed on IDEAS

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    More about this item

    Keywords

    Economy; quality of institutions; COVID-19 mortality;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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