On Time Trend of COVID-19: A Panel Data Study
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Authors
Dong, C.
Gao, J.
Linton, O.
Peng, B.
Publication Date
2020-06-23Series
Cambridge Working Papers in Economics
Cambridge-INET Working Paper Series
Publisher
Faculty of Economics, University of Cambridge
Type
Working Paper
Previous Version(s)
Metadata
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Dong, C., Gao, J., Linton, O., & Peng, B. (2020). On Time Trend of COVID-19: A Panel Data Study. https://doi.org/10.17863/CAM.82494
Abstract
In this paper, we study the trending behaviour of COVID-19 data at country level, and draw attention to some existing econometric tools which are potentially helpful to understand the trend better in future studies. In our empirical study, we find that European countries overall flatten the curves more effectively compared to the other regions, while Asia & Oceania also achieve some success, but the situations are not as optimistic as in Europe. Africa and America are still facing serious challenges in terms of managing the spread of the virus and reducing the death rate. In Africa, the rate of the spread of the virus is slower and the death rate is also lower than those of the other regions. By comparing the performances of different countries, our results on the performance of different countries in managing the speed of the virus agree with Gu et al. (2020). For example, both studies agree that countries such as USA, UK and Italy perform relatively poorly; on the other hand, Australia, China, Japan, Korea, and Singapore perform relatively better.
Keywords
COVID-19, Deterministic time trend, Panel data, Varying-coefficient
Identifiers
CWPE2065, C-INET2061
This record's DOI: https://doi.org/10.17863/CAM.82494
This record's URL: https://www.repository.cam.ac.uk/handle/1810/335055
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