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Table 1.

List of countries.

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Fig 1.

Money-and-health (MH) curve.

Source: Author’s extract.

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Fig 1 Expand

Table 2.

Descriptive statistics.

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Table 2 Expand

Table 3.

Correlation matrix.

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Fig 2.

Leverage plots for ln(GDP).

Source: Authors stimates. Note: ln(TCASES) shows natural logarithm of total cases, ln(TDEATH) shows natural logarithm of total deaths reported, ln(TRECOV) shows natural logarithm of total recovered cases, ln(GDP) shows natural logarithm of GDP, ln(SMP) shows natural logarithm of stock market performance, ln(TOP) shows natural logarithm of trade openness, ln(CFR) shows natural logarithm of case fatality ratio, ln(CRR) shows natural logarithm of case recovered ratio, and ln(UNEMP) shows natural logarithm of unemployment.

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Fig 2 Expand

Fig 3.

Leverage plots for ln(SMP).

Source: Authors estimates. Note: ln(TCASES) shows natural logarithm of total cases, ln(TDEATH) shows natural logarithm of total deaths reported, ln(TRECOV) shows natural logarithm of total recovered cases, ln(GDP) shows natural logarithm of GDP, ln(SMP) shows natural logarithm of stock market performance, ln(TOP) shows natural logarithm of trade openness, ln(CFR) shows natural logarithm of case fatality ratio, ln(CRR) shows natural logarithm of case recovered ratio, and ln(UNEMP) shows natural logarithm of unemployment.

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Fig 3 Expand

Fig 4.

Influence statistics for ln(GDP).

Source: Author’s estimation.

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Fig 5.

Influence statistics for ln(SMP).

Source: Author’s estimation.

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Fig 5 Expand

Table 4.

Robust least squares regression for ln(GDP).

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Table 4 Expand

Table 5.

Robust least squares regression for ln(SMP).

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Table 5 Expand

Table 6.

VAR Granger causality estimates.

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Table 6 Expand

Table 7.

IRF estimates.

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Table 8.

VDA estimates.

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