Abstract
ABSTRACT The following article explores data on GDP growth and vaccination rates of OECD nations to assess to what extent vaccination efforts have fostered economic recovery. Except for China, all countries experienced a severe economic contraction on Q2 2020 followed by a strong recovery on Q3. The severity of the decline on GDP was correlated with some economic and social indicators. Countries with higher per capita GDP, higher Human Development Index and lower corruption were less affected. When countries are separated by GDP per capita, an asymmetric impact of vaccination rates on GDP was found with less developed nations benefiting the most from the initial deployment of vaccines on Q1 2021. An analysis of international stock markets during the pandemic showed that they had their best month in November 2020 when positive prospects of vaccine effectiveness were released whereas returns were modest when actual vaccination campaigns started on January 2021. Keywords Covid-19 Vaccine, Economic Recovery, Stock Markets, GDP per capita, Political Regime, Human Development Index, Corruption
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