The Economic Impact of Workforce Disruptions on The Output During COVID-19 Pandemic

Heizlyn Amyneina Hamzah (), Mohd Yusof Saari (), Muhammad Daaniyall Abd Rahman () and Chakrin Utit ()
Additional contact information
Heizlyn Amyneina Hamzah: School of Business and Economics Universiti Putra Malaysia 43400 UPM Serdang, Selangor MALAYSIA.
Mohd Yusof Saari: EIS-UPMCS Centre for Future Labour Market Studies Menara PERKESO Putrajaya No. 6, Persiaran Perdana, Presint 2, 62100 Putrajaya MALAYSIA.
Muhammad Daaniyall Abd Rahman: School of Business and Economics Universiti Putra Malaysia 43400 UPM Serdang, Selangor MALAYSIA.
Chakrin Utit: School of Business and Economics Universiti Putra Malaysia 43400 UPM Serdang, Selangor MALAYSIA.

Jurnal Ekonomi Malaysia, 2022, vol. 56, issue 2, 65-75

Abstract: This paper examines the economic impact of workforce disruptions on the output, final demand and Gross Domestic Product by applying an extended input-output (I-O) model. In the extended I-O model, workforce disruptions are measured and modelled in two perspectives: loss of employment (LOE) and inter-industry disruptions that limit the number of workers in the production. Results show that the inter-industry disruption / supply shock is likely to give a tremendous impact compared to the LOE. Moreover, the level of economic impact is also influenced by the level of economic integration among sectors. In this regard, the more integrated a sector with the high-risk sectors, the more impacted the sector is. In conclusion, the results suggest the need for balancing the economic and health risks to ensure that the welfare of people is protected.

Keywords: Covid-19; input-output model.; loss of employment; workforce disruptions (search for similar items in EconPapers)
JEL-codes: C67 D57 J63 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.ukm.my/jem/wp-content/uploads/2022/07/jeko_562-5.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ukm:jlekon:v:56:y:2022:i:2:p:65-75

DOI: 10.17576/JEM-2022-5602-5

Access Statistics for this article

More articles in Jurnal Ekonomi Malaysia from Faculty of Economics and Business, Universiti Kebangsaan Malaysia Contact information at EDIRC.
Bibliographic data for series maintained by Muhammad Asri Abd Ghani ().