CHINA AND WORLD OUTPUT IMPACT OF THE HUBEI LOCKDOWN DURING THE CORONAVIRUS OUTBREAK

被引:40
作者
Luo, Shaowen [1 ]
Tsang, Kwok Ping [1 ]
机构
[1] Virginia Tech, Dept Econ, Blacksburg, VA 24061 USA
关键词
ECONOMIC COST; SHOCKS; EPIDEMIC; LINKAGES; ORIGINS; DENGUE;
D O I
10.1111/coep.12482
中图分类号
F [经济];
学科分类号
02 ;
摘要
Using a network approach, we estimate the output loss due to the lockdown of the Hubei province triggered by the coronavirus disease (COVID-19). Based on our most conservative estimate, China suffers about 4% loss of output from labor loss, and global output drops by 1% per period due to the economic contraction in China. About 40% of the impact is indirect, coming from spillovers through the supply chain inside and outside China. (JEL E23, E24, F62)
引用
收藏
页码:583 / 592
页数:10
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