Efficiency of Government Policy during the COVID-19 Pandemic

32 Pages Posted: 14 Apr 2021 Last revised: 21 Jan 2022

See all articles by Manthos D. Delis

Manthos D. Delis

Audencia Business School

Maria Iosifidi

Montpellier Business School

Menelaos Tasiou

University of Portsmouth; University of Portsmouth

Date Written: January 19, 2022

Abstract

Using frontier models, we introduce country-month indices of efficiency of government policy in dealing with the COVID-19 pandemic. Our indices are in respect of 81 countries and cover the period from May 2020 to November 2021. Our framework assumes that governments impose stringent policies (listed in the Oxford COVID-19 Containment and Health Index) with the single goal of saving lives. Importantly, we estimate our output to account for country- month variations in reporting deaths. The top seven countries are Japan, Estonia, Malawi, Finland, Taiwan, New Zealand, and Iceland. We also find that positive and significant correlates of our new indices ones are institutions, democratic principles, political stability, trust, high public spending in health, female participation in the workplace, and economic equality. Within the efficient jurisdictions, the most efficient ones are those with cultural characteristics of high patience. The new index and its correlates produce several avenues for future research.

Note: Funding Statement: The authors have received no funding.

Declaration of Interests: The authors have no conflict of interest to disclose.

Keywords: Government efficiency, COVID-19 pandemic, Data envelopment analysis, Stochastic frontiers, Oxford COVID-19 Government Response Tracker, determinants of efficiency

Suggested Citation

Delis, Manthos D. and Iosifidi, Maria and Tasiou, Menelaos and Tasiou, Menelaos, Efficiency of Government Policy during the COVID-19 Pandemic (January 19, 2022). Available at SSRN: https://ssrn.com/abstract=3821814 or http://dx.doi.org/10.2139/ssrn.3821814

Manthos D. Delis

Audencia Business School ( email )

8 Road Joneliere
BP 31222
Nantes Cedex 3, 44312
France

Maria Iosifidi

Montpellier Business School ( email )

Menelaos Tasiou (Contact Author)

University of Portsmouth

Portsmouth
Hampshire
United Kingdom

University of Portsmouth ( email )

University House
Winston Churchhill Avenue
Portsmouth, Hampshire PO1 2UP
United Kingdom

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