20.500.12556/RUL-137649 COVID-19 pandemic-related policy stringency and economic decline was it really inevitable? The coronavirus outbreak in 2020 shattered economies, public health and public well-being worldwide literally overnight. In response to the pandemic, most countries implemented a delicate balance of policy stringency and economic support to ensure public health, social security and a vibrant economy. With the pandemic slowly phasing out, our article explores the effectiveness of various governmental strategies for ensuring economic growth. The proposed econometric model is tested using panel quarterly data for 49 (37 OECD þ 12 non-OECD) countries for all four quarters of 2020 and the first quarter of 2021. Our findings show that policy stringency and economic support are both negatively associated with economic growth. We also find that the stringency was largely responsive, oriented to preventing the collapse of health systems after infections had already become widespread, not towards saving human lives by preventing soaring levels of infection. While our findings appear to lend support for the view that a trade-off between human lives and the economy was inevitable, we also challenge this view by evidence that some countries were able to secure a double dividend of maintaining public health and a vibrant economy by a prudent far-sighted stringency policy of preventing the virus outbreak. pandemic stagnation crises policy stringency economic policy COVID-19 pandemic economic growth public health pandemija ekonomska rast stagnacija krize true false true Angleški jezik Slovenski jezik Članek v reviji 2022-06-24 08:34:22 2022-06-24 08:42:49 2022-09-15 04:15:35 0000-00-00 00:00:00 2022 0 0 [in press] 2022 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 2022-06-01 330.3 1331-677X 10.1080/1331677X.2022.2077792 110366211 COVID-19_pandemic-related_policy_stringency_and_economic_decline__was_it_really_inevitable.pdf COVID-19_pandemic-related_policy_stringency_and_economic_decline__was_it_really_inevitable.pdf 1 F40433BD88E454313910E1BB74C20EC5 9fe79c6d58ba90ea6ab70894e52c58cedf057c8ad6ff5c280d33cc6b7bd9ac7c 80022702-f388-11ec-8aca-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=157682 https://www.tandfonline.com/doi/full/10.1080/1331677X.2022.2077792 0 88d65fe8-f388-11ec-8aca-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=157683 Ekonomska fakulteta 0 0 0