This study examines the relationship between international tourism and COVID-19 cases and associated deaths in more than 90 nations. We use a cross-country regression analysis and find a positive correlation between international tourism and the cumulated level of COVID-19 confirmed cases and death by April 30, 2020. Our regression analyses show that countries exposed to high flows of international tourism are more prone to cases and deaths caused by the COVID-19 outbreak. This association is robust even after controlling for other socioeconomic determinants of COVID-19 outbreak and regional dummies. Based on our estimations, a 1% higher level of inbound and outbound tourism is associated with 1.2% and 1.4% higher levels of confirmed COVID-19 cases and death, respectively, controlling for other factors. When we normalize the number of cases and death by size of population, the statistical significance remains robust, especially for the COVID-19 deaths, while the effect size reduces.

The purpose of this study is to examine the relationship between the extension of globalization and coronavirus disease 2019 (COVID-19) case fatality rate (CFR) calculated on 28 July 2020 in more than 150 countries. Our regression analyses show that countries with higher levels of socio-economic globalization are exposed to higher levels of CFR. The positive association between the level of globalization of countries and their COVID-19 fatality rate remains robust, controlling for cross-country differences in economic development and demographics, health care costs, health care capacity, quality of governance and continental dummies.

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This study examines the effect of drought on housing and residential land prices in Iran. Using panel data covering the 2006–2015 period for 31 provinces of Iran and applying a dynamic system and the difference Generalized Methods of Moments (GMM) methods, we find that an increase in the balance of water (reducing the severity of drought) within provinces has a positive effect on property prices. Our results are robust, controlling for province fixed effects, time trend, and a set of control variables that may affect property prices.