Shi Li 1 Meng Li 2, * Rongsha Fu 3
Author Details：
1. School of Management and Economics, Harbin Institute of Technology, Harbin, China. 2. Institute of Local Government Development, Shantou University, Shantou, China. 3. School of Management and Economics, Harbin Institute of Technology, Harbin, China. *. Institute of Local Government Development, Shantou University, Shantou, China.
Abstract
The rise in Economic Policy Uncertainty (EPU) is a manifestation of the unsustainability of response policies to COVID-19. We used panel data from 21 countries to investigate the impact of COVID-19 vaccination coverage on EPU. The results showed that vaccination significantly reduced the EPU. Reducing the spread of the pandemic was not the mechanism. Further analysis indicated that the active response from the government has enhanced this effect, as vaccination has altered unsustainable issues. Our study suggests that vaccines are not alternatives to intervention policies but are complementary, and policymakers should opt for a policy mix.
经济政策不确定性（EPU）的上升是对应对COVID-19的政策不可持续性的体现。我们利用来自21个国家的面板数据，研究了COVID-19疫苗接种覆盖率对EPU的影响。结果显示，疫苗接种显著降低了EPU。减少疫情传播并非机制。进一步分析表明，政府的积极应对增强了这种效应，因为疫苗接种改变了不可持续的问题。我们的研究表明，疫苗不是干预政策的替代品，而是一种补充，政策制定者应选择政策组合。
注：本成果获得汕头大学地方政府发展研究所2022年度开放基金（No. 07422002）的资助。
Cite this article:
LI S, LI M, FU R. A sustainable pandemic response: The impact of COVID-19 vaccination coverage on economic policy uncertainty[J/OL]. International Review of Economics & Finance, 2024, 92: 316-322[2024-03-04].
DOI:https://doi.org/10.1016/j.iref.2024.02.055.
