Abstract

HERNANDEZ, Gustavo  and  QUINTERO, Luis Felipe. Economic effects of COVID-19 loc-kdowns: A regional perspective. Cuad. Econ. [online]. 2021, vol.40, n.spe85, pp.1113-1132.  Epub Oct 04, 2022. ISSN 0121-4772.  https://doi.org/10.15446/cuad.econ.v40n85.90911.

Several studies have estimated the effects of lockdowns, owing to Covid-19, on production and employment on a national level but few on a regional level. Thus, using a regional input output matrix for Colombia, and by means of a variation of a hypothetical extraction method, the regional effects on production and employment on account of lockdown are estimated. It was found that the negative repercussions on the economy impact production which decreases by 8.2%, leading to a reduction in employment of 3.5 million jobs, this the result of the heterogeneity of effects between departments.

Keywords : COVID-19; regional economy; input-output matrices; hypothetical extraction methods.

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