Opening-up Trajectories and Economic Recovery : Lessons after the First Wave of the COVID-19 Pandemic
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...
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/655041606235025254/Opening-up-Trajectories-and-Economic-Recovery-Lessons-after-the-First-Wave-of-the-COVID-19-Pandemic http://hdl.handle.net/10986/34835 |
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okr-10986-348352022-09-20T00:10:54Z Opening-up Trajectories and Economic Recovery : Lessons after the First Wave of the COVID-19 Pandemic Demirguc-Kunt, Asli Lokshin, Michael Torre, Ivan CORONAVIRUS COVID-19 PANDEMIC IMPACT ECONOMIC RECOVERY ECONOMIC IMPACT LOCKDOWN RE-OPENING 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. 2020-11-30T21:01:56Z 2020-11-30T21:01:56Z 2020-11 Working Paper http://documents.worldbank.org/curated/en/655041606235025254/Opening-up-Trajectories-and-Economic-Recovery-Lessons-after-the-First-Wave-of-the-COVID-19-Pandemic http://hdl.handle.net/10986/34835 English Policy Research Working Paper;No. 9480 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Europe and Central Asia Central Asia Eastern Europe Europe and Central Asia |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
CORONAVIRUS COVID-19 PANDEMIC IMPACT ECONOMIC RECOVERY ECONOMIC IMPACT LOCKDOWN RE-OPENING |
| spellingShingle |
CORONAVIRUS COVID-19 PANDEMIC IMPACT ECONOMIC RECOVERY ECONOMIC IMPACT LOCKDOWN RE-OPENING Demirguc-Kunt, Asli Lokshin, Michael Torre, Ivan Opening-up Trajectories and Economic Recovery : Lessons after the First Wave of the COVID-19 Pandemic |
| geographic_facet |
Europe and Central Asia Central Asia Eastern Europe Europe and Central Asia |
| relation |
Policy Research Working Paper;No. 9480 |
| description |
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. |
| format |
Working Paper |
| author |
Demirguc-Kunt, Asli Lokshin, Michael Torre, Ivan |
| author_facet |
Demirguc-Kunt, Asli Lokshin, Michael Torre, Ivan |
| author_sort |
Demirguc-Kunt, Asli |
| title |
Opening-up Trajectories and Economic Recovery : Lessons after the First Wave of the COVID-19 Pandemic |
| title_short |
Opening-up Trajectories and Economic Recovery : Lessons after the First Wave of the COVID-19 Pandemic |
| title_full |
Opening-up Trajectories and Economic Recovery : Lessons after the First Wave of the COVID-19 Pandemic |
| title_fullStr |
Opening-up Trajectories and Economic Recovery : Lessons after the First Wave of the COVID-19 Pandemic |
| title_full_unstemmed |
Opening-up Trajectories and Economic Recovery : Lessons after the First Wave of the COVID-19 Pandemic |
| title_sort |
opening-up trajectories and economic recovery : lessons after the first wave of the covid-19 pandemic |
| publisher |
World Bank, Washington, DC |
| publishDate |
2020 |
| url |
http://documents.worldbank.org/curated/en/655041606235025254/Opening-up-Trajectories-and-Economic-Recovery-Lessons-after-the-First-Wave-of-the-COVID-19-Pandemic http://hdl.handle.net/10986/34835 |
| _version_ |
1764481756019294208 |