Volume 29, Issue 1 (Spring 2024)
JPBUD 2024, 29(1): 21-50 |
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Daneshmand A, Mazyaki A, Gheidari M J. (2024). The Effects of Income Support Policy on Covid-19 Related Mortality: A Cross-Country Study. JPBUD. 29(1), 21-50. doi:10.61186/jpbud.29.1.21
URL: http://jpbud.ir/article-1-2273-en.html
URL: http://jpbud.ir/article-1-2273-en.html
1- Department of Political Economy and Policymaking, Faculty of Law and Political Science, Allameh Tabatabai University, Tehran, Iran. , daneshmand@atu.ac.ir
2- Department of Business Economics, Faculty of Economics, Allameh Tabatabai University, Tehran, Iran.
3- Master's degree in Development and Planning Economics, Faculty of Economics, Allameh Tabatabai University, Tehran, Iran.
2- Department of Business Economics, Faculty of Economics, Allameh Tabatabai University, Tehran, Iran.
3- Master's degree in Development and Planning Economics, Faculty of Economics, Allameh Tabatabai University, Tehran, Iran.
Abstract: (1754 Views)
The COVID-19 pandemic presented an immense global challenge, necessitating a delicate balance between preserving public health and sustaining economic and social equilibrium. This study employs econometric methods to investigate the influence of income support measures on COVID-19 mortality rates across 186 countries, spanning from January 1, 2020, to the onset of widespread vaccination campaigns, December 14, 2020. Employing the Least Absolute Shrinkage and Selection Operator (LASSO) for variable selection and the Augmented Mean Group estimator (AMG) for data analysis, the study discovers a significant reduction in COVID-19 mortality linked to income support. This effect primarily stems from alleviating poverty-related vulnerabilities and enhancing adherence to public health guidelines. Emphasizing the pivotal role of unconditional cash transfers during crises, the research underscores the varying efficacy of income support over time, with the most pronounced impact observed shortly after implementation. Nonetheless, it issues a cautionary note, particularly for developing nations, urging against an exclusive reliance on financial aid without addressing other determinants influencing adherence to health protocols, which could potentially curtail policy effectiveness. Advocating for a comprehensive approach, the study stresses the integration of financial assistance with broader strategies aimed at mitigating mortality during natural disasters.
Type of Study: Applicable |
Subject:
health, education, welfare economics
Received: Mar 10 2024 | Accepted: Jun 11 2024 | ePublished: Sep 09 2024
Received: Mar 10 2024 | Accepted: Jun 11 2024 | ePublished: Sep 09 2024
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