How Institutions Moderated the Pandemic's Economic Impact in EU Member States
Journal of Common Market Studies
; 61(2):503-525, 2023.
Article
in English
| ProQuest Central | ID: covidwho-2232175
ABSTRACT
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.
Full text:
Available
Collection:
Databases of international organizations
Database:
ProQuest Central
Type of study:
Experimental Studies
/
Prognostic study
Language:
English
Journal:
Journal of Common Market Studies
Year:
2023
Document Type:
Article
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