Globalization and Outbreak of COVID-19: An Empirical Analysis

23 Pages Posted: 5 Jun 2020

See all articles by Mohammad Reza Farzanegan

Mohammad Reza Farzanegan

affiliation not provided to SSRN

Mehdi Feizi

Ferdowsi University of Mashhad, Iran

Hassan F. Gholipour

affiliation not provided to SSRN

Date Written: 2020

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.

Keywords: COVID-19, globalization, public health

JEL Classification: I120, I180, I150, F630, F680

Suggested Citation

Farzanegan, Mohammad Reza and Feizi, Mehdi and Gholipour, Hassan F., Globalization and Outbreak of COVID-19: An Empirical Analysis (2020). Available at SSRN: https://ssrn.com/abstract=3618839 or http://dx.doi.org/10.2139/ssrn.3618839

Mohammad Reza Farzanegan (Contact Author)

affiliation not provided to SSRN

No Address Available

Mehdi Feizi

Ferdowsi University of Mashhad, Iran ( email )

P.O. Box 91775-1163
Mashhad
Iran
5138805369 (Phone)

Hassan F. Gholipour

affiliation not provided to SSRN

No Address Available

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