- Autor
- Mućk Jakub (SGH Warsaw School of Economics), Rubaszek Michał (SGH Warsaw School of Economics), Szafranek Karol (SGH Warsaw School of Economics)
- Tytuł
- A Note on the Heterogenous Economic Effects of COVID-19 on GDP via the Sectoral Structure
- Źródło
- Bank i Kredyt, 2021, nr 3, s. 253-265, aneksy, bibliogr. 12 poz.
Bank & Credit - Słowa kluczowe
- Struktura produkcji, Wartość dodana, COVID-19, Pandemia
Production structure, Value added, COVID-19, Pandemic - Uwagi
- Klasyfikacja JEL: C67, E01, E23, E27, I15
summ. - Abstrakt
- This article shows how the effect of the COVID-19 pandemic on the aggregate activity depends on the sectoral structure of the economy. We show that in a prolonged lockdown scenario, in which we assume that the response of individual sectors is homogenous across countries, the decline in GDP across countries is heterogeneous and can vary in a substantial way purely due to the diverse sectoral structure of economies. (original abstract)
- Dostępne w
- Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach - Pełny tekst
- Pokaż
- Bibliografia
-
- Atalay E. (2017), How important are sectoral shocks?, American Economic Journal: Macroeconomics, 9(4), 254-480.
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- Eichenbaum M.S., Rebelo S., Trabandt M. (2020), The Macroeconomics of Epidemics, NBER Working Paper, 26882, National Bureau of Economic Research.
- Foerster A., Sarte P.-D., Watson M. (2011), Sectoral versus aggregate shocks: a structural factor analysis of industrial production, Journal of Political Economy, 119(1), 1-38.
- Laeven L. (2020), Pandemics, intermediate goods, and corporate valuation, CEPR Discussion Papers, 15022.
- McKibbin W., Roshen F. (2020), The global macroeconomic impacts of COVID-19: seven scenarios, https://www.brookings.edu /research /the-global-macroeconomic-impacts-of-covid-19-seven- scenarios/.
- Moro A., Tanaka S. (2019), Sectoral shocks and home substitution, Economics Letters, 181, 57-60.
- Tase M. (2019), Sectoral dynamics and business cycles, Economics Letters, 175, 60-63.
- Timmer M.P., Dietzenbacher E., Los B., Stehrer R., de Vries G.J. (2015), An illustrated user guide to the world input-output database: the case of global automotive production, Review of International Economics, 23, 575-605.
- Watanabe T. (2020), The responses of consumption and prices in Japan to the COVID-19 crisis and the Tohoku earthquake, Working Papers on Central Bank Communication, 020, University of Tokyo.
- Cytowane przez
- ISSN
- 0137-5520
- Język
- eng
