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Inter‐country distancing, globalisation and the coronavirus pandemic

Author

Listed:
  • Klaus F. Zimmermann
  • Gokhan Karabulut
  • Mehmet Huseyin Bilgin
  • Asli Cansin Doker

Abstract

Originating in China, the coronavirus has reached the world at different speeds and levels of strength. This paper provides an initial understanding of some driving factors and their consequences. Since transmission requires people, the human factor behind globalisation is essential. Globalisation, a major force behind global well‐being and equality, is highly associated with this factor. The analysis investigates the impact globalisation has on the speed of initial transmission to a country and on the scale of initial infections in the context of other driving factors. Our cross‐country analysis finds that measures of globalisation are positively related to the spread of the virus, both in speed and in scale. However, the study also finds that globalised countries are better equipped to keep fatality rates low. The conclusion is not to reduce globalisation to avoid pandemics, but to better monitor the human factor at the outbreak and mobilise collaboration forces to curtail diseases.

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  • Klaus F. Zimmermann & Gokhan Karabulut & Mehmet Huseyin Bilgin & Asli Cansin Doker, 2020. "Inter‐country distancing, globalisation and the coronavirus pandemic," The World Economy, Wiley Blackwell, vol. 43(6), pages 1484-1498, June.
    • Handle: RePEc:bla:worlde:v:43:y:2020:i:6:p:1484-1498
    DOI: 10.1111/twec.12969
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    More about this item

    JEL classification:

    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • F69 - International Economics - - Economic Impacts of Globalization - - - Other
    • I19 - Health, Education, and Welfare - - Health - - - Other

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