Do World Bank Governance Factors Impact COVID-19 Infection Rates Among Nations?
DOI:
https://doi.org/10.33423/5kdhqw98Keywords:
management, government, social issues, logistic regression, COVID-19, World Bank stability indicators, World Bank, rule of law, exogenous shocksAbstract
The Spread of COVID-19 and its variants worldwide has prompted researchers to gather data on the impact of socio-economic factors and status on infection rates. The World Bank uses six stability indicators to measure a country’s overall stability. We measure COVID-19 infections per million and use the six World Bank stability indicators as predictive variables to examine whether exogenous shocks, such as global pandemics, are affected by these indicators. We find that only Government Effectiveness shows a positive and significant correlation with COVID-19 infection rates, while Rule of Law shows a negative and significant correlation.
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