Cover IMF Working Papers
Determinants of COVID-19 Vaccine Rollouts and Their Effects on Health Outcomes
Author:
Mr. Pragyan Deb
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,
Davide Furcerinull

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Daniel Jimenez
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Siddharth Kothari
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Mr. Jonathan David Ostry
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Nour Tawk
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Series:
IMF Working Papers
Volume/Issue:
Volume 2021: Issue 247
Language:
English
Publication Date:
18 Oct 2021
DOI:
https://doi.org/10.5089/9781589063150.001
ISBN:
9781589063150
ISSN:
1018-5941
Pages:
51
Keywords:
COVID-19; pandemics; vaccinations; containment measures.; vaccine rollout; vaccine deployment; vaccine acceptance; vaccine procurement; vaccination rollout; Infrastructure; Spillovers; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper examines empirically the determinants of COVID-19 vaccine rollouts and their effects on health outcomes. We assemble a comprehensive and novel cross-country database at a daily frequency on vaccinations and various health outcomes (new COVID-19 cases, fatalities, intensive care unit (ICU) admissions) for the period December 16, 2020-June 20, 2021. Using this data, we find that: (i) early vaccine procurement, domestic production of vaccines, the severity of the pandemic, a country’s health infrastructure, and vaccine acceptance are significant determinants of the speed of vaccination rollouts; (ii) vaccine deployment significantly reduces new COVID-19 infections, Intensive Care Unit (ICU) admissions, and fatalities, and is more effective when coupled with stringent containment measures, or when a country is experiencing a large outbreak; and (iii) COVID-19 cases in neighboring countries can lead to an increase in a country’s domestic caseload, and hamper efforts in taming its own local outbreak.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2021: Issue 247