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Analysing the Economic Output and Human Loss Patterns Across the EU and Neighboring States During the Pandemic

Author

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  • Prodromos Prodromidis

    (Centre for Planning and Economic Research (KEPE), Athens, Greece)

Abstract

The article looks into Eurostat's economic output and mortality statistics covering the EU 27 member states and six neighboring countries during 2020 and the first quarter of 2021. The study identifies, across a policy mosaic, the dominant reaction to the SARS-CoV-2 pandemic along with occasional deviations from it. Nearly all deviations occurred within a long geographic zone, while the four most populous EU member states, along with six other EU member-states, did not (or were not able to) shift from the low output-high mortality situation for nearly a year. The econometric analysis reveals country-specific effects. In most counties these effects varied from one quarter to the next. However, in some countries these were consistently associated with higher output and lower mortality. Thus, there may be health and economic policy lessons to be learned from the approaches employed in such cases.

Suggested Citation

  • Prodromos Prodromidis, 2021. "Analysing the Economic Output and Human Loss Patterns Across the EU and Neighboring States During the Pandemic," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 19(2), pages 107-127.
    • Handle: RePEc:seb:journl:v:19:y:2021:i:2:p:107-127
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    File URL: https://asecu.gr/Seeje/issue37/issue37-prodromidis.pdf
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    References listed on IDEAS

    as
    1. Peltzman, Sam, 2009. "Mortality Inequality," Working Papers 225, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    2. Sen, Amartya, 1998. "Mortality as an Indicator of Economic Success and Failure," Economic Journal, Royal Economic Society, vol. 108(446), pages 1-25, January.
    3. Sam Peltzman, 2009. "Mortality Inequality," Journal of Economic Perspectives, American Economic Association, vol. 23(4), pages 175-190, Fall.
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    More about this item

    Keywords

    GDP; Number of deaths; Covid-19 Pandemic; Spatial Patterns; Europe;
    All these keywords.

    JEL classification:

    • C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General

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