COVID-19 and decreasing consumption: a multisectoral assesment for Italy

Clio Ciaschini (), Margherita Carlucci, Francesco Chelli (), Giuseppe Ricciardo Lamonica () and Luca Salvati ()
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Clio Ciaschini: Università Politecnica delle Marche
Francesco Chelli: Università Politecnica delle Marche
Giuseppe Ricciardo Lamonica: Università Politecnica delle Marche
Luca Salvati: Università di Roma "La Sapienza"

Economics Bulletin, 2023, vol. 43, issue 2, 1162 - 1171

Abstract: The outbreak of Covid-19 pandemic caused an important decrease in GDP worldwide; mobility, job markets, and the efficiency of national health systems were particularly affected dimensions of everyday life. In the second quarter of 2020, household expenditure decreased by more than 10% on average compared to that of the second quarter of 2019. The present study quantifies the impact of Covid-19 pandemic on final demand and economic growth adopting a multi-sectoral analysis of recent official statistics (national accounting) for Italy. A multi-sectoral approach allows for the estimation of the inherent growth (or decline) of economic activities by industry type, contributing to clarify the post-pandemic resilience potential of one of the most affected countries among advanced economies.

Keywords: Household consumption; Input-Output Tables; Covid-19; Southern Europe. (search for similar items in EconPapers)
JEL-codes: D1 E2 (search for similar items in EconPapers)
Date: 2023-06-30
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