Regional differences in the economic impact of lockdown measures to prevent the spread of COVID-19: A case study for Colombia

Diana Ricciulli-Marin, Jaime Bonet, Gerson Perez-Valbuena, Eduardo Haddad, Inácio Araújo and Fernando Perobelli

Revista Cuadernos de Economia, 2021, vol. 40, issue 85, 977-998

Abstract: This paper analyses the regional economic differences in the impact of lockdown measures to prevent the spread of COVID-19 ordered by Colombia’s national gov- ernment. Using an input-output model, we estimate regional economic losses by extracting a group of formal and informal workers from different sectors of the economy. Results show regional differences in the impact of lockdown measures on their labour markets, local economies, and productive sectors. We also find that peripheral regions consolidate a higher number of informal workers in isolation than the interior regions. Regarding the economic impact, regional losses range between 5,4% of the GDP (Amazonia) and 6,3% (the Coffee Area and Antioquia). ****** Este artículo analiza las diferencias regionales en el impacto económico de las medidas de aislamiento ordenadas para evitar la propagación del COVID-19 en Colombia. Por medio de un modelo insumo-producto, se estiman las pérdidas económicas que resultan de extraer un grupo de empleados formales e informales de los distintos sectores de la economía. Los resultados señalan diferencias regio- nales en el impacto del confinamiento sobre el mercado laboral, las economías locales y sus sectores productivos. Se encuentra que las regiones periféricas con- centran un mayor número de informales en aislamiento que las regiones centrales. Las pérdidas económicas oscilan desde 5,4○% del PIB (Amazonía) hasta 6,3○% (Eje Cafetero y Antioquia).

Keywords: COVID-19; inter-regional input-output matrix; regional development. (search for similar items in EconPapers)
JEL-codes: R12 R15 R58 (search for similar items in EconPapers)
Date: 2021
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https://revistas.unal.edu.co/index.php/ceconomia/article/view/90803

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Chapter: Regional Differences in the Economic Impact of Lockdown Measures to Prevent the Spread of COVID-19: A Case Study for Colombia (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:col:000093:020308

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