{"id":8300,"date":"2020-07-09T09:14:42","date_gmt":"2020-07-09T08:14:42","guid":{"rendered":"http:\/\/www.economicsobservatory.com\/ongoing-research\/containing-the-virus-or-reviving-the-economy-evidence-from-individual-expectations-during-the-covid-19-epidemic"},"modified":"2020-07-09T09:14:42","modified_gmt":"2020-07-09T08:14:42","slug":"containing-the-virus-or-reviving-the-economy-evidence-from-individual-expectations-during-the-covid-19-epidemic","status":"publish","type":"ongoing-research","link":"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/containing-the-virus-or-reviving-the-economy-evidence-from-individual-expectations-during-the-covid-19-epidemic","title":{"rendered":"Containing the virus or reviving the economy? evidence from individual expectations during the Covid-19 epidemic"},"content":{"rendered":"<p>How does an epidemic affect individuals' expectation on economic prospects? We implement an incentivized longitudinal online survey with randomized controlled trials during the Covid-19 epidemic in China to answer this question. We find that lower number of confirmed Covid-19 cases significantly increases individual\u2019s expectation on GDP growth. However, individuals do not update their expectations when information on work resumption rate is provided in the RCT. Our finding conveys the message that, during an epidemic, containing the spread of the disease should be prioritized than resuming economic activities, at least from the perspective of maintaining positive economic expectations among individuals.<\/p>\n<p><\/p>\n","protected":false},"template":"","categories":[],"frequency":[],"type_of_data":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Containing the virus or reviving the economy? evidence from individual expectations during the Covid-19 epidemic - Economics Observatory<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/containing-the-virus-or-reviving-the-economy-evidence-from-individual-expectations-during-the-covid-19-epidemic\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Containing the virus or reviving the economy? evidence from individual expectations during the Covid-19 epidemic - Economics Observatory\" \/>\n<meta property=\"og:description\" content=\"How does an epidemic affect individuals&#039; expectation on economic prospects? We implement an incentivized longitudinal online survey with randomized controlled trials during the Covid-19 epidemic in China to answer this question. We find that lower number of confirmed Covid-19 cases significantly increases individual\u2019s expectation on GDP growth. However, individuals do not update their expectations when [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/containing-the-virus-or-reviving-the-economy-evidence-from-individual-expectations-during-the-covid-19-epidemic\" \/>\n<meta property=\"og:site_name\" content=\"Economics Observatory\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@econobservatory\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/containing-the-virus-or-reviving-the-economy-evidence-from-individual-expectations-during-the-covid-19-epidemic\",\"url\":\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/containing-the-virus-or-reviving-the-economy-evidence-from-individual-expectations-during-the-covid-19-epidemic\",\"name\":\"Containing the virus or reviving the economy? evidence from individual expectations during the Covid-19 epidemic - Economics Observatory\",\"isPartOf\":{\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#website\"},\"datePublished\":\"2020-07-09T08:14:42+00:00\",\"dateModified\":\"2020-07-09T08:14:42+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/containing-the-virus-or-reviving-the-economy-evidence-from-individual-expectations-during-the-covid-19-epidemic#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/containing-the-virus-or-reviving-the-economy-evidence-from-individual-expectations-during-the-covid-19-epidemic\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/containing-the-virus-or-reviving-the-economy-evidence-from-individual-expectations-during-the-covid-19-epidemic#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.economicsobservatory.com\/test\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Containing the virus or reviving the economy? evidence from individual expectations during the Covid-19 epidemic\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#website\",\"url\":\"https:\/\/www.economicsobservatory.com\/test\/\",\"name\":\"Economics Observatory\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.economicsobservatory.com\/test\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#organization\",\"name\":\"Economics Observatory\",\"url\":\"https:\/\/www.economicsobservatory.com\/test\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.economicsobservatory.com\/wp-content\/uploads\/2021\/06\/Logo-for-Twitter.png\",\"contentUrl\":\"https:\/\/www.economicsobservatory.com\/wp-content\/uploads\/2021\/06\/Logo-for-Twitter.png\",\"width\":540,\"height\":392,\"caption\":\"Economics Observatory\"},\"image\":{\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/econobservatory\",\"https:\/\/www.linkedin.com\/company\/economics-observatory\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Containing the virus or reviving the economy? evidence from individual expectations during the Covid-19 epidemic - Economics Observatory","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/containing-the-virus-or-reviving-the-economy-evidence-from-individual-expectations-during-the-covid-19-epidemic","og_locale":"en_GB","og_type":"article","og_title":"Containing the virus or reviving the economy? evidence from individual expectations during the Covid-19 epidemic - Economics Observatory","og_description":"How does an epidemic affect individuals' expectation on economic prospects? 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