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

Identifieur interne : 002527 ( Main/Exploration ); précédent : 002526; suivant : 002528

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

Auteurs : Shaowen Luo ; Kwok Ping Tsang

Source :

Contemporary economic policy [ 1074-3529 ] ; 2020.

RBID : pubmed:32837176

Abstract

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).

DOI: 10.1111/coep.12482
PubMed: 32837176
PubMed Central: PMC7267563

Affiliations:

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<front><div type="abstract" xml:lang="en">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. <i>(</i>
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CHINA AND WORLD OUTPUT IMPACT OF THE HUBEI LOCKDOWN DURING THE CORONAVIRUS OUTBREAK.

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

Source :

Abstract

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