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The Effect of Health and Economic Costs on Governments’ Policy Responses to COVID-19 Crisis under Incomplete Information
Public Administration Review ( IF 8.144 ) Pub Date : 2021-05-03 , DOI: 10.1111/puar.13394
Germà Bel 1 , Óscar Gasulla 1 , Ferran A Mazaira-Font 1
Affiliation  

The COVID-19 pandemic has become an unprecedented health, economic, and social crisis. The present study has built a theoretical model and used it to develop an empirical strategy, analyzing the drivers of policy-response agility during the outbreak. Our empirical results show that national policy responses were delayed, both by government expectations of the healthcare system capacity and by expectations that any hard measures used to manage the crisis would entail severe economic costs. With decision-making based on incomplete information, the agility of national policy responses increased as knowledge increased and uncertainty decreased in relation to the epidemic's evolution and the policy responses of other countries.

中文翻译:

不完整信息下健康和经济成本对政府应对 COVID-19 危机政策的影响

COVID-19 大流行已成为一场前所未有的健康、经济和社会危机。本研究建立了一个理论模型,并用它来制定实证策略,分析疫情期间政策反应敏捷性的驱动因素。我们的实证结果表明,国家政策反应被推迟,一方面是由于政府对医疗保健系统能力的预期,另一方面是由于预期任何用于管理危机的硬性措施都会带来严重的经济成本。在基于不完全信息的决策下,随着知识的增加,国家政策反应的灵活性增加,疫情演变和其他国家政策反应的不确定性减少。
更新日期:2021-05-03
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