How Institutions Moderated the Pandemic's Economic Impact in EU Member States

被引：0

作者：

Kuokstis, Vytautas ^{[1
]}

Kuokstyte, Ringaile ^{[2
]}

机构：

[1] Vilnius Univ, Inst Int Relat & Polit Sci, Vilnius, Lithuania

[2] Gen Jonas Zemaitis Mil Acad Lithuania, Silo St 5, LT-10322 Vilnius, Lithuania

来源：

JCMS-JOURNAL OF COMMON MARKET STUDIES | 2023年 / 61卷 / 02期

关键词：

COVID-19; EU member states; economic growth; institutional quality; economic freedom; OUTPUT;

D O I：

10.1111/jcms.13385

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We investigate how institutional quality affected the economic downturn in EU countries during the COVID-19 pandemic (2020-21). Using quarterly panel data, we show that countries with a higher quality of governance and a higher score of economic freedom suffered markedly less. Importantly, institutions mattered more when the pandemic shock was larger. Thus, the pandemic highlights the asymmetric impact of seemingly symmetric exogenous shock on EU economies and raises important issues about the necessary reforms for short-run resilience and long-run convergence.

引用

页码：503 / 525

页数：23

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