Abstract

CHICAIZA BECERRA, Liliana; GARCIA MOLIN, Mario  and  URREA, Iván Leonardo. Economy or health? A Global Analysis of the COVID-19 Pandemic. Rev.econ.inst. [online]. 2021, vol.23, n.44, pp.171-194.  Epub Apr 30, 2021. ISSN 0124-5996.  https://doi.org/10.18601/01245996.v23n44.08.

This paper identifies the relationship between the health management of the COVID-19 pandemic and the economic outcomes. It shows economic and mortality indicators as well as other social and cultural variables affecting the results. It takes into account the effect of oil prices upon the exporting countries leeway. It also shows how the disruption in international trade affected global value chains. Countries with better health results during the pandemic showed better results in economic growth in the second quarter of 2020. The best predictor of economic success was the health system strengh measured by number of beds prior to the pandemic.

Keywords : COVID-19; pandemic; economic growth; mortality; international trade; JEL: H50, H53, F18.

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