Covid-19, policy responses, and industrial productivity around the globe Iyke, BN, Sharma, Susan and Gunadi, I 2021, Covid-19, policy responses, and industrial productivity around the globe, Bulletin of Monetary Economics and Banking, vol. 24, no. 3, pp. 365-382, doi: 10.21098/bemp.v24i3.1691. Attached Files Name Description MIMEType Size Downloads Title Covid-19, policy responses, and industrial productivity around the globe Author(s) Iyke, BN Sharma, Susan orcid.org/0000-0002-7297-1557 Gunadi, I Journal name Bulletin of Monetary Economics and Banking Volume number 24 Issue number 3 Start page 365 End page 382 Total pages 18 Publisher Bank Indonesia, Bank Indonesia, Economics & Statistics Department Place of publication Jakarta, Indonesia Publication date 2021 ISSN 1410-8046 2460-9196 Summary We examine whether the COVID-19-induced policy responses by countries moderated the negative impact of the pandemic on industrial productivity. Using a panel of the 50 most affected countries by the pandemic, we show that the policy responses do not only help reduce the spread of COVID-19, but they also moderate its negative impact on industrial productivity and help steer countries back to their growth paths. We demonstrate that, in the absence of the pandemic, some of the policy responses (i.e., lockdowns, travel restrictions, etc.) would have reduced productivity. We further demonstrate that our estimates are robust when considering alternative specifications of our productivity model. Our study provides strong support for evidence-based policies and emphasizes, consistent with theoretical arguments, that an optimal policy mix is fundamental to steering economies back to their steady productivity growth paths when facing negative shocks. Language eng DOI 10.21098/bemp.v24i3.1691 HERDC Research category C1 Refereed article in a scholarly journal Free to Read? Yes Persistent URL http://hdl.handle.net/10536/DRO/DU:30160076 Document type: Journal Article Collections: Faculty of Business and Law Open Access Collection Department of Finance Related Links Link Description Link to full-text (open access)   Connect to Elements publication management system Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au. Versions Version Filter Type Thu, 02 Dec 2021, 13:46:04 EST Thu, 02 Dec 2021, 15:26:40 EST Thu, 02 Dec 2021, 15:35:46 EST Thu, 24 Feb 2022, 09:01:13 EST Thu, 24 Feb 2022, 15:29:30 EST Thu, 24 Feb 2022, 15:34:15 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 2 times in Scopus Search Google Scholar Access Statistics: 43 Abstract Views, 2 File Downloads  -  Detailed Statistics Created: Thu, 02 Dec 2021, 13:46:04 EST