Estimating the Costs and Benefits of Mandated Business Closures in a Pandemic

Barrot, Jean‐Noël; Bonelli, Maxime; Grassi, Basile; Sauvagnat, Julien

doi:10.2139/ssrn.3599482

Cited by 21 publications

(21 citation statements)

References 49 publications

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“…A pesar del poco tiempo transcurrido desde la irrupción de la pandemia, pueden encontrarse ya varios antecedentes empíricos que analizan los impactos a nivel regional o sectorial. Dado el alcance global de la pandemia, es posible identificar trabajos para el caso de los Estados Unidos (Barrot, Grassi y Sauvagnat, 2020;Chetty, Friedman, Hendren y Stepner, 2020;Muro, Maxim y Whiton, 2020), para diferentes países o regiones de Europa (Bachtrögler et al, 2020;Cerqua y Letta, 2020;De la Fuente, 2020;Gombos et al, 2021;González-Laxe, Armesto-Pina, Lago-Peñas y Sanchez-Fernandez, 2020;Kitsos, 2020;Pérez y Maudos, 2020; Prades-Illanes y Tello-Casas, 2020), para China e India (Beyer et al, 2021;Gong, Hassink, Tan y Huang, 2020;Huang et al, 2020), para Colombia y Brasil (Bonet-Morón et al, 2020;Haddad et al, 2020b;Hernández-Díaz y Quintero, 2020;Porsse et al, 2020;Ricciulli-Marín et al, 2020) o para Marruecos (Haddad et al, 2020a). En Argentina, organismos empresariales como la Fundación Observatorio PyME (2020a; 2020b; 2020c) o la Unión Industrial Argentina (2020) han realizado algunas encuestas que permiten apreciar los impactos heterogéneos de la pandemia, pero desde una mirada sectorial y regional todavía muy agregada; por ejemplo, macrorregiones geográficas que agrupan a varias provincias del país.…”

Section: Revisión De La Literaturaunclassified

“…Como se verá en la próxima sección, para el cálculo del IAET-COVID se combinan diferentes dimensiones o componentes, que han sido empleados generalmente de forma parcial en distintas ramas de la literatura empírica reciente, pero que no se han vinculado aún del modo que propone este índice, lo cual constituye un aporte del artículo. Por ejemplo, la definición de niveles o hipótesis de operatividad, como contracara de vulnerabilidad para los diferentes sectores, ha sido un recurso común en varios de los trabajos mencionados (Bachtrögler et al, 2020;Barrot et al, 2020;Bonet-Morón et al, 2020;González-Laxe et al, 2020;Haddad et al, 2020a;2020b;Hernández-Díaz y Quintero, 2020;Pérez y Maudos, 2020;Prades-Illanes y Tello-Casas, 2020).…”

Section: Revisión De La Literaturaunclassified

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El potencial impacto económico de la pandemia por COVID-19 en las regiones argentinas y sus patrones productivos sectoriales en el periodo abril-junio de 2020

Niembro

Calá

2021

estud.gerenc.

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Este artículo tuvo como objetivo construir un índice de afectación económica por COVID-19 para analizar el impacto potencial de la pandemia y las medidas de aislamiento entre sectores y regiones de Argentina, durante el trimestre de mayor recesión en el país, abril-junio de 2020. Teniendo en cuenta la estructura productiva sectorial de las regiones, el grado de operatividad de cada sector, la movilidad laboral a nivel regional y la potencialidad del teletrabajo en los distintos sectores, se muestra que la pandemia ha tenido un impacto desigual entre regiones y que el perfil de especialización sectorial es un factor explicativo relevante. Los perfiles turísticos, extractivos y de industrias pesadas se han visto mucho más afectados que los agro-industriales y de manufacturas livianas.

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Section: Revisión De La Literaturaunclassified

El potencial impacto económico de la pandemia por COVID-19 en las regiones argentinas y sus patrones productivos sectoriales en el periodo abril-junio de 2020

Niembro

Calá

2021

estud.gerenc.

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“…Concerning the current pandemic, Barrot et al (2020) offer evidence in the short-run of a negative impact of stringency measures on economic activity 4 . Ashraf (2020) shows that social distancing to face COVID-19 pandemic directly affects economic activity in a negative way, depressing stock market activity.…”

Section: The Impact Of Government Action On Economic Activitymentioning

confidence: 99%

Government Measures and Economic Activity during the COVID-19 Outbreak: Some Preliminary Short-Term Evidence from Europe

Giammanco

Gitto

2020

SSRN Journal

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The COronaVIrus Disease 19 outbreak has resulted in a major worldwide economic depression. Governmental reactions to face the COVID-19 pandemic threat are varied and characterised by diverse intensity. Restrictive measure have been taken to control the pandemic, although the same actions have determined economic fallouts that need to be faced by additional measures of social welfare support.The question concerning the type and the intensity of the governmental actions is still an open issue in the public debate.The present contribution is aimed at offering evidence on the impact of anti-COVID government actions on the volume of trade. Using monthly Eurostat data on 29 European countries, it investigates the relationship between the turnover of volume of sales (the percentage change on previous period) and the adoption of governmental measures. Explanatory variables employed encompass the government response to COVID-19 pandemic as measured by the Oxford University team led by the Blavatnik School of Government, namely, a government response index, a stringency index, a containment and health index and an economic support index. Among control variables used, there is an indicator of consumer confidence.It has been estimated a generalised least squares model, controlling for heteroskedasticity across panels and autocorrelation.The results outlined a positive relationship between consumer confidence and the percentage change of the index of deflated turnover of retail sale of food, beverages and tobacco; a negative relation between restrictive governmental measures; a negative relation between consumer confidence and the percentage change of the index of deflated turnover of retail sale via mail order houses or Internet. Instead, it emerged a positive relation between governmental measures aimed at stringency and the percentage change on previous period of the index of deflated turnover of retail sale via internet.The positive impact on internet retail outlines the growing importance of this channel for trade.

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“…Nevertheless, as Barrot et al (2020) suggest, it is necessary to be cautions in extending these results to the actual pandemic scenario. In fact, the social restrictions implemented to contrast the spread of the Spanish flu did not impose mandatory business shutting down: their long run positive effect on the economic activity may, therefore, be explained by the population health gains they engendered.…”

mentioning

confidence: 99%

“…Concerning the current pandemic, Barrot et al (2020) offer evidence of a short-run negative impact of stringency measures on economic activity 5 . Ashraf (2020) shows that social distancing aimed at curbing COVID-19 pandemic directly affects economic activity in a negative way, depressing stock market activity.…”

mentioning

confidence: 99%

Government Measures and Economic Activity During the Covid-19 Outbreak: Some Preliminary Short-Term Evidence From Europe

Giammanco

Gitto

2021

JEE

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The present contribution is aimed at offering evidence of the impact of antiCOVID government actions on trade. Using monthly Eurostat data, it investigates the relationship between the turnover of sales and the adoption of governmental measures. Explanatory variables encompass three indexes measuring the government response, namely, a stringency, a health containment and an economic support index. A consumer confidence index is used as control variable. It has been estimated through a generalised least squares model with heteroskedasticity and autocorrelation. The results outline that the percentage change of the index of deflated turnover of retail sale of food, beverages and tobacco is positively correlated with consumer confidence and negatively correlated with restrictive governmental measures. It is also determined that the percentage change of the index of deflated turnover of retail sale via internet is positively correlated with stringency governmental measures, this confirms the growing importance of internet as channel for trade.

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Estimating the Costs and Benefits of Mandated Business Closures in a Pandemic

Cited by 21 publications

References 49 publications

El potencial impacto económico de la pandemia por COVID-19 en las regiones argentinas y sus patrones productivos sectoriales en el periodo abril-junio de 2020

El potencial impacto económico de la pandemia por COVID-19 en las regiones argentinas y sus patrones productivos sectoriales en el periodo abril-junio de 2020

Government Measures and Economic Activity during the COVID-19 Outbreak: Some Preliminary Short-Term Evidence from Europe

Government Measures and Economic Activity During the Covid-19 Outbreak: Some Preliminary Short-Term Evidence From Europe

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