Assessing the toll of COVID-19 lockdown measures on the South African economy

Channing Arndt, Sherwin Gabriel () and Sherman Robinson

Chapter 6 in COVID-19 and global food security, 2020, pp 31-32 from International Food Policy Research Institute (IFPRI)

Abstract: In trying to limit the spread of COVID-19, policymakers are confronting the difficult task of balancing the positive health effects of lockdowns against their economic costs — particularly the burdens imposed on low-income and food-insecure households. South African lockdown policies are relatively stringent, and the economic impacts are large. Figure 1 presents impacts on the income components of gross domestic product (GDP), based on an analysis using a social accounting matrix (SAM) model, a tool well-suited to assessing the impacts of shortterm shocks. The work is a collaboration between IFPRI, the National Treasury of South Africa, the South African Reserve Bank, and UNU-WIDER.

Keywords: income; models; low income groups; economic analysis; economic impact; covid-19; households; computable general equilibrium models; disease prevention; food security; gross national product; public health; Africa; Sub-saharan Africa; Southern Africa (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:fpr:ifpric:133840

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