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The differential effects of prevention and restrictive policies in crises: What can we learn from the COVID‐19 pandemic?

Year: 2025

Type: article

Abstract: This study aims to investigate the impact of lockdown and vaccination policies on business confidence in Europe, offering insights for future pandemic responses. Our research confirms that vaccination significantly boosts business confidence and mitigates the negative effects of lockdowns. We also find that stricter lockdown measures have a greater impact on businesses than their relaxation. Our study contributes to the literature by showing that vaccination can serve as an informational update, reducing uncertainty and stabilizing economic expectations. The study also highlights the importance of considering psychological factors when designing policies.

Source: European Management Review

DOI: 10.1111/emre.70011

Authors: Minh Phuoc‐Bao Tran, Nhung Thi‐Hong Vu, Duc Hong Vo

Institutions: University of Leeds, University of Economics Ho Chi Minh City, RMIT Vietnam, The University of Western Australia, Ho Chi Minh City Open University

Language: English

Topic: COVID-19 Pandemic Impacts

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: hybrid

Estimated APC paid: $3,350