Estimating the impact of COVID-19 on the Spanish economy with input-output analysis

In this paper we present a forecast of the impact of measures to stem Covid-19 on the Spanish economy at a highly disaggregate level, using input-output techniques. Our estimations cover the period 2020-2021, and we consider two scenarios depending on the possibility of a second wave of massive infe...

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Detalhes bibliográficos
Autores: Febrero Paños, Eladio, Bermejo Patón, Fernando
Formato: artículo
Fecha de publicación:2021
País:España
Recursos:Universidad de Castilla-La Mancha
Repositorio:RUIdeRA. Repositorio Institucional de la UCLM
OAI Identifier:oai:ruidera.uclm.es:10578/35812
Acesso em linha:https://doi.org/10.15304/rge.30.1.7105
https://hdl.handle.net/10578/35812
Access Level:acceso abierto
Palavra-chave:COVID-19
Spanish economy
Input-output analysis
Sistema económico español
Análise input-output
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spelling Estimating the impact of COVID-19 on the Spanish economy with input-output analysisEstimación do impacto da COVID-19 na economía española con táboas input-outputFebrero Paños, EladioBermejo Patón, FernandoCOVID-19Spanish economyInput-output analysisSistema económico españolAnálise input-outputIn this paper we present a forecast of the impact of measures to stem Covid-19 on the Spanish economy at a highly disaggregate level, using input-output techniques. Our estimations cover the period 2020-2021, and we consider two scenarios depending on the possibility of a second wave of massive infections in the autumn of 2020. In 2020, the lockdown of the population and the shutdown of a large part of the production system for several weeks are a supply-side shock that will be followed by a demand-side shock whose impact is expected to be even larger. In 2021 there will be some recovery, although we believe that it will not be sufficient for offsetting the initial negative shock. al negative shock. Neste artigo presentamos unha previsión do impacto das medidas para frear a COVID-19 na economía española a un alto ni-vel de desagregación sectorial, utilizando metodoloxía input-output. As nosas estimacións refírense ao período 2020-2021, no que consideramos dous escenarios en función da posibilidade dunha segunda vaga de infeccións masivas no outono de 2020. As medidas de confinamento da poboación e a paralización de gran parte do sistema produtivo durante varias semanas de 2020 supuxeron un shock de oferta ao que se unirá un shock de demanda cuxo impacto se espera que sexa aínda maior. En 2021 haberá certa recuperación, aínda que consideramos que non será o suficientemente intensa como para compensar o shock negativo inicial.Universidad de Santiago de Compostela: Facultade de Ciencias Económicas e Empresariais202420242021info:eu-repo/semantics/articleapplication/pdfhttps://doi.org/10.15304/rge.30.1.7105https://hdl.handle.net/10578/35812reponame:RUIdeRA. Repositorio Institucional de la UCLMinstname:Universidad de Castilla-La ManchaInglésinfo:eu-repo/semantics/openAccessoai:ruidera.uclm.es:10578/358122026-05-27T07:36:41Z
dc.title.none.fl_str_mv Estimating the impact of COVID-19 on the Spanish economy with input-output analysis
Estimación do impacto da COVID-19 na economía española con táboas input-output
title Estimating the impact of COVID-19 on the Spanish economy with input-output analysis
spellingShingle Estimating the impact of COVID-19 on the Spanish economy with input-output analysis
Febrero Paños, Eladio
COVID-19
Spanish economy
Input-output analysis
Sistema económico español
Análise input-output
title_short Estimating the impact of COVID-19 on the Spanish economy with input-output analysis
title_full Estimating the impact of COVID-19 on the Spanish economy with input-output analysis
title_fullStr Estimating the impact of COVID-19 on the Spanish economy with input-output analysis
title_full_unstemmed Estimating the impact of COVID-19 on the Spanish economy with input-output analysis
title_sort Estimating the impact of COVID-19 on the Spanish economy with input-output analysis
dc.creator.none.fl_str_mv Febrero Paños, Eladio
Bermejo Patón, Fernando
author Febrero Paños, Eladio
author_facet Febrero Paños, Eladio
Bermejo Patón, Fernando
author_role author
author2 Bermejo Patón, Fernando
author2_role author
dc.subject.none.fl_str_mv COVID-19
Spanish economy
Input-output analysis
Sistema económico español
Análise input-output
topic COVID-19
Spanish economy
Input-output analysis
Sistema económico español
Análise input-output
description In this paper we present a forecast of the impact of measures to stem Covid-19 on the Spanish economy at a highly disaggregate level, using input-output techniques. Our estimations cover the period 2020-2021, and we consider two scenarios depending on the possibility of a second wave of massive infections in the autumn of 2020. In 2020, the lockdown of the population and the shutdown of a large part of the production system for several weeks are a supply-side shock that will be followed by a demand-side shock whose impact is expected to be even larger. In 2021 there will be some recovery, although we believe that it will not be sufficient for offsetting the initial negative shock. al negative shock. Neste artigo presentamos unha previsión do impacto das medidas para frear a COVID-19 na economía española a un alto ni-vel de desagregación sectorial, utilizando metodoloxía input-output. As nosas estimacións refírense ao período 2020-2021, no que consideramos dous escenarios en función da posibilidade dunha segunda vaga de infeccións masivas no outono de 2020. As medidas de confinamento da poboación e a paralización de gran parte do sistema produtivo durante varias semanas de 2020 supuxeron un shock de oferta ao que se unirá un shock de demanda cuxo impacto se espera que sexa aínda maior. En 2021 haberá certa recuperación, aínda que consideramos que non será o suficientemente intensa como para compensar o shock negativo inicial.
publishDate 2021
dc.date.none.fl_str_mv 2021
2024
2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://doi.org/10.15304/rge.30.1.7105
https://hdl.handle.net/10578/35812
url https://doi.org/10.15304/rge.30.1.7105
https://hdl.handle.net/10578/35812
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad de Santiago de Compostela: Facultade de Ciencias Económicas e Empresariais
publisher.none.fl_str_mv Universidad de Santiago de Compostela: Facultade de Ciencias Económicas e Empresariais
dc.source.none.fl_str_mv reponame:RUIdeRA. Repositorio Institucional de la UCLM
instname:Universidad de Castilla-La Mancha
instname_str Universidad de Castilla-La Mancha
reponame_str RUIdeRA. Repositorio Institucional de la UCLM
collection RUIdeRA. Repositorio Institucional de la UCLM
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,301603

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