Template-type: ReDIF-Paper 1.0 Author-Name: Santiago Lago-Peņas Author-Workplace-Name: Governance and Economics Research Network (GEN), University of Vigo, Spain Author-Workplace-Email: slagop@uvigo.es Author-Name: Jorge Martinez-Vazquez Author-Workplace-Name: International Center for Public Policy, Georgia State University, USA Author-Workplace-Email: jorgemartinez@gsu.edu Author-Name: Agnese Sacchi Author-Workplace-Name: Department of Economics and Law, Sapienza University of Rome, Italy Author-Workplace-Email: agnese.sacchi@uniroma1.it Title: Country Performance during the Covid-19 Pandemic: Externalities, Coordination and the Role of Institutions Abstract: The Covid-19 pandemic is one of the most powerful examples of negative externalities across the globe. We focus on the role played by institutions at the country level in fighting the spread of Covid-19 by making policy coordination more difficult or, on the contrary, more effective. Specifically, we consider the type of political regimes, political fragmentation and decentralization settings. We use the most recently available information on Covid-19 performance for up to 115 countries around the world. Our main results show that having either democracies or autocracies does not represent a crucial issue for successfully addressing the pandemic. Most significantly, countries with centralized political parties, which fundamentally allow for better coordination at the national level, perform significantly better than those with decentralized ones. However, the assignment of policy responsibilities to sub-national governments is an impediment in fighting the Covid-19 emergency. Length: 24 pages Creation-Date: 2020-11 File-URL: https://icepp.gsu.edu/files/2020/11/paper2018.pdf File-Format: application/pdf Handle: RePEc:ays:ispwps:paper2018