Preparation and Response to COVID-19: An Exploratory Analysis of Policy Response Spending and Health Expenditures in 20 OECD Countries

Abstract

This article examines the comparative impact of COVID-19 in terms of the number of cases per capita and the per capita mortality rate and analyzes the relationships between these impact estimates and three policy measures in 20 OECD countries, controlling for the population over age 65. The policy measures involve public and private health expenditures prior to the pandemic onset and per capita fiscal expenditures devoted to policies designed to address the pandemic, which are identified in the International Monetary Fund’s policy tracker. The findings show no relationship between the policy measures and COVID-19 when controlling for the population over 65 years of age.