Research on the Efficiency measurement of the Lockdown approach based on the Perspective of GDP
DOI:
https://doi.org/10.54691/bcpbm.v27i.1965Keywords:
Lockdown, DID, ICER, GDP, Efficiency Measurement.Abstract
Covid-19 has accompanied today’s world for almost three years. China has received great success in this protracted fight between us and viruses by adopting a zero-case policy and locking down the measurement. But outside the society still consisting the gossip that China has to adopt this method is because of the too large the population base. The authorities have not confirmed the accuracy of this statement. In this paper, a comparison between China and the United States will be used to compare the advantages and disadvantages of the locking down strategy. The main methods included different ICER tests and multivariable regression analyses. The main finding includes the positive effect of GDP growth, and the advantage outweighs the disadvantage of the approach of locking down. The long-term, in return, is always the one that gets ignored the most.
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