Smart Containment: Lessons from Countries with Past Experience

Author: Alexandra Fotiou and Andresa Lagerborg

Volume/Issue: Volume 2021 Issue 099

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Topics covered in this book

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Economics- Macroeconomics , Economics / General , International - Economics , containment measure , information campaign , contact tracing , smart containment , containment policy , success ranking , country income group dummy , COVID-19 , Fiscal stance , Income , Communicable diseases , Europe , Asia and Pacific , Northern Europe , Africa , Middle East

Also of interest

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WORKING PAPERS PUBLISHED IN SEPTEMBER 2003

Summary

Following the Great Lockdown in 2020, it is important to take stock of lessons learned. How effective have different containment measures been in slowing the spread of Covid-19? Have containment measures been costly in terms of economic growth, fiscal balances, and accumulated debt? This paper finds that countries with previous SARS experience acted fast and "smart", and were able to contain the virus by relying mainly on public health measures ─ testing, contact tracing, and public information campaigns ─ rather than stay-at-home requirements. Using past coronavirus outbreaks as an instrumental variable, we show that countries with past experience were able to contain the virus in a smart way, reducing transmission and deaths while also experiencing higher economic growth in 2020.