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Description:
Greiner A, Owusu BK. Can the vaccinations end the Covid-19 pandemic? . Universität Bielefeld Working Papers in Economics and Management. Vol 03-2022. Bielefeld: Bielefeld University, Department of Business Administration and Economics; 2022. ; In this paper we empirically analyze the effect of the vaccinations against the SARS-CoV-2 virus on the Covid-19 pandemic for European countries from February 2021 to February 2022 with weekly data. We perform panel fixed effects estimations, GMM estimations and nonlinear penalized spline estimations. We find a statistically significant and positive relation between the share of infections with the SARS-CoV-2 virus and the share of vaccinated people. That holds for both fully vaccinated persons and for people having received a booster injection as well. As regards hospitalizations we find weak empirical evidence for a negative relation between vaccinations and the rate of hospitalizations.