Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/216658 
Year of Publication: 
2020
Series/Report no.: 
MAGKS Joint Discussion Paper Series in Economics No. 18-2020
Publisher: 
Philipps-University Marburg, School of Business and Economics, Marburg
Abstract: 
The purpose of this study is to examine the relationship between globalization, Coronavirus Disease 2019 (COVID-19) cases, and associated deaths in more than 100 countries. Our ordinary least squares multivariate regressions show that countries with higher levels of socio-economic globalization are exposed more to COVID-19 outbreak. Nevertheless, globalization cannot explain cross-country differences in COVID-19 confirmed deaths. The fatalities of coronavirus are mostly explained by cross-country variation in health infrastructures (e.g., share of out of pocket spending on health per capita and the number of hospital beds) and demographic structure (e.g., share of population beyond 65 years old in total population) of countries. Our least squares results are robust to controlling outliers and regional dummies. This finding provides the first empirical insight on the robust determinants of COVID-19 outbreak and its human costs across countries.
Subjects: 
COVID-19
globalization
public health
JEL: 
I12
I18
I15
F63
F68
Document Type: 
Working Paper

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