Main Article Content

Authors

Jang C. Jin 1 * , 
Heejae Han 2

Abstract

This paper examines the institutional and socioeconomic factors that hindered the resilience of the COVID-19 crisis. An empirical model includes democracy and openness measures that were potential determinants of slow recovery from the pandemic. Other socio-economic factors such as tourism, CO₂, and Monkeypox were also included as control variables. The sample includes 110 countries. One salient feature of the findings is that the recovery pattern from COVID-19 is significantly different, depending on the level of democracy. Many democratic nations, especially in Europe, that were very open to world trade experienced a relatively slow recovery from the pandemic; however, democracy played an insignificant role in authoritarian regimes, including those in Africa, that showed a rapid recovery from the pandemic. The faster recovery observed in authoritarian regimes, however, should not be read as a purely causal effect of democratic backsliding, since it likely reflects the influence of other institutional and structural factors as well. 

Keywords:
pandemic recovery, democracy, globalization, COVID-19, IV estimation

Article Details

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