The equity–efficiency trade-off and the intensity of COVID-19 pandemic government responses: evidence from US states

Konstantinos Christopoulos; Konstantinos Eleftheriou; Peter Nijkamp

doi:10.1080/00343404.2023.2207588

The equity–efficiency trade-off and the intensity of COVID-19 pandemic government responses: evidence from US states

Konstantinos Christopoulos, Konstantinos Eleftheriou^*, Peter Nijkamp

^*Corresponding author for this work

Research output: Contribution to journal › Article › Academic › peer-review

Abstract

The relation between equity and efficiency remains at the heart of regional policy. This study captures the effect of the COVID-19 pandemic government responses on the above-mentioned relation. To do so, we employ cross-sectional data from US states for 2020 and a spatial econometric model specification in the context of Corona policy effects. We find an inverted-‘U’ relationship between inequality and efficiency. Additionally, the effect of the intensity of government responses to COVID-19 on the equity–efficiency relation depends on the state’s per capita gross domestic product (GDP) levels.

Original language	English
Pages (from-to)	350-364
Journal	Regional Studies
Volume	58
Issue number	2
Early online date	14 Jun 2023
DOIs	https://doi.org/10.1080/00343404.2023.2207588
Publication status	Published - 2024

Keywords

COVID-19
economic efficiency
Gini index
lockdown measures
spatial econometrics
wage inequality

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10.1080/00343404.2023.2207588

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abstract = "The relation between equity and efficiency remains at the heart of regional policy. This study captures the effect of the COVID-19 pandemic government responses on the above-mentioned relation. To do so, we employ cross-sectional data from US states for 2020 and a spatial econometric model specification in the context of Corona policy effects. We find an inverted-{\textquoteleft}U{\textquoteright} relationship between inequality and efficiency. Additionally, the effect of the intensity of government responses to COVID-19 on the equity–efficiency relation depends on the state{\textquoteright}s per capita gross domestic product (GDP) levels.",

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AB - The relation between equity and efficiency remains at the heart of regional policy. This study captures the effect of the COVID-19 pandemic government responses on the above-mentioned relation. To do so, we employ cross-sectional data from US states for 2020 and a spatial econometric model specification in the context of Corona policy effects. We find an inverted-‘U’ relationship between inequality and efficiency. Additionally, the effect of the intensity of government responses to COVID-19 on the equity–efficiency relation depends on the state’s per capita gross domestic product (GDP) levels.

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KW - economic efficiency

KW - Gini index

KW - lockdown measures

KW - spatial econometrics

KW - wage inequality

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The equity–efficiency trade-off and the intensity of COVID-19 pandemic government responses: evidence from US states

Abstract

Keywords

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