The determinants of output losses during the Covid-19 pandemic

The global recession in the wake of the Covid-19 pandemic was accompanied by a significant degree of heterogeneity in the economic contraction across countries. We use a rich data set and Bayesian model averaging techniques to identify the factors shaping the extent of heterogeneity. The results hig...

Descripción completa

Detalles Bibliográficos
Autores principales: Glocker, Christian, Piribauer, Philipp
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Authors. Published by Elsevier B.V. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9755472/
https://www.ncbi.nlm.nih.gov/pubmed/36540551
http://dx.doi.org/10.1016/j.econlet.2021.109923
_version_ 1784851427303096320
author Glocker, Christian
Piribauer, Philipp
author_facet Glocker, Christian
Piribauer, Philipp
author_sort Glocker, Christian
collection PubMed
description The global recession in the wake of the Covid-19 pandemic was accompanied by a significant degree of heterogeneity in the economic contraction across countries. We use a rich data set and Bayesian model averaging techniques to identify the factors shaping the extent of heterogeneity. The results highlight the importance of adverse initial conditions (large contact-intensive service sector) and behavioural changes (increased voluntary spatial distancing) relative to the extent of public containment measures.
format Online
Article
Text
id pubmed-9755472
institution National Center for Biotechnology Information
language English
publishDate 2021
publisher The Authors. Published by Elsevier B.V.
record_format MEDLINE/PubMed
spelling pubmed-97554722022-12-16 The determinants of output losses during the Covid-19 pandemic Glocker, Christian Piribauer, Philipp Econ Lett Article The global recession in the wake of the Covid-19 pandemic was accompanied by a significant degree of heterogeneity in the economic contraction across countries. We use a rich data set and Bayesian model averaging techniques to identify the factors shaping the extent of heterogeneity. The results highlight the importance of adverse initial conditions (large contact-intensive service sector) and behavioural changes (increased voluntary spatial distancing) relative to the extent of public containment measures. The Authors. Published by Elsevier B.V. 2021-07 2021-05-21 /pmc/articles/PMC9755472/ /pubmed/36540551 http://dx.doi.org/10.1016/j.econlet.2021.109923 Text en © 2021 The Authors Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Glocker, Christian
Piribauer, Philipp
The determinants of output losses during the Covid-19 pandemic
title The determinants of output losses during the Covid-19 pandemic
title_full The determinants of output losses during the Covid-19 pandemic
title_fullStr The determinants of output losses during the Covid-19 pandemic
title_full_unstemmed The determinants of output losses during the Covid-19 pandemic
title_short The determinants of output losses during the Covid-19 pandemic
title_sort determinants of output losses during the covid-19 pandemic
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9755472/
https://www.ncbi.nlm.nih.gov/pubmed/36540551
http://dx.doi.org/10.1016/j.econlet.2021.109923
work_keys_str_mv AT glockerchristian thedeterminantsofoutputlossesduringthecovid19pandemic
AT piribauerphilipp thedeterminantsofoutputlossesduringthecovid19pandemic
AT glockerchristian determinantsofoutputlossesduringthecovid19pandemic
AT piribauerphilipp determinantsofoutputlossesduringthecovid19pandemic

Ejemplares similares