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Benefit-Cost Analysis Of Covid-19 Policy Intervention At The State And National Level, James L. Doti
Benefit-Cost Analysis Of Covid-19 Policy Intervention At The State And National Level, James L. Doti
Economics Faculty Articles and Research
This study analyzes the benefits of statewide policy intervention in reducing COVID-19 deaths and the costs of that intervention in lost jobs and lower real gross state product (RGSP). Policy interventions are measured by the Oxford stringency index which places a daily numerical value on the level of a state’s policy intervention.
Empirical evidence is provided that shows policy interventions have reduced COVID-19 deaths by 375,000 lives in 2020. On the cost side, it was found that policy intervention resulted in a loss of 7.3 million jobs and a decline of $410 billion in RGSP.
The study concludes by integrating …