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Monday, 03 August 2020 05:44

New RSPP article free online! "Regional Economic Impact of COVID‐19 in Colombia: An Input‐Output Approach"

Regional Science Policy & Practice

"Regional Economic Impact of COVID‐19 in Colombia: An Input‐Output Approach", by Jaime Bonet‐Morón, Diana Ricciulli‐Marín,Gerson Javier Pérez‐Valbuen, Luis Armando Galvis‐Aponte, Eduardo A. Haddad, Inácio F. Araújo, and Fernando S. Perobelli. -

 The aim of this paper is to assess the regional economic impact of the lockdown measures ordered by the national government to prevent the spread of COVID‐19. Using an input‐output model, we estimate the economic loss of extracting groups of formal and informal workers from different economic sectors. Results show monthly economic losses that represent between 0.5% and 6.1% of national GDP, depending on the scenario considered. Accommodation and food services, real estate, administrative services, construction and trade are the most affected sectors. Regionally, Antioquia, Boyacá, San Andrés, Santander and Valle del Cauca appear as highly vulnerable to these restrictions.

Read 1699 times Last modified on Monday, 17 August 2020 15:47