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

Shaowen LuoKwok Ping Tsang
Published in: Contemporary economic policy (2020)
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).
Keyphrases
  • coronavirus disease
  • sars cov
  • south africa
  • respiratory syndrome coronavirus