As observed in Table 3 , it is statistically evident that the abnormal rate of change in covid-19 patients, computed using GARCH(1,1) and M-GARCH(1,1) models, shows an increasing trend at 1% significance (t stat for CAR>2.58) in the post-event period, from [0, 6] to [0, 20].
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Did double lockdown strategy backfire? Cobra effect on containment strategy of COVID-19.
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