TY - GEN
AU - Demirgüç-Kunt, Asli
AU - Lokshin, Michael
AU - Torre, Iván
TI - Opening-up trajectories and economic recovery lessons after the first wave of the COVID-19 Pandemic
PB - World Bank Group, Europe and Central Asia Region, Office of the Chief Economist
KW - pandemic
KW - COVID-19
KW - economic impact
KW - opening-up process
KW - high-frequency data
KW - Europe and Central Asia
KW - Graue Literatur
PY - November 2020
N2 - This paper analyzes the reopening process of countries in Europe and Central Asia after the first wave of the COVID-19 pandemic and provides evidence on the effects of different reopening trajectories and their timing and speed on economic recovery. The analysis indicates that countries that adopted a gradual, staged reopening experienced stronger economic recovery compared with the countries that rushed into lifting the restrictive measures before the pandemic was under control. Postponing lifting the restrictions until after the pandemic's peak was reached has a positive impact on economic activity. Governance also matters: a higher level of trust in government is associated with increased economic activity among countries that carried out a gradual reopening process. There is also suggestive evidence that providing people objective data on the progress of the pandemic may speed up the recovery process
BT - Policy research working paper ; 9480
BT - World Bank E-Library Archive
CY - [Washington, DC, USA]
UR - http://slubdd.de/katalog?TN_libero_mab2
ER -
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