The Spillover Effects of COVID-19 on Productivity throughout the Supply Chain

Victoria E. Agwam, Pablo Azar and Kyra Frye

No 20210927, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: While the shocks from COVID-19 were concentrated in a handful of contact-intensive industries, they had rippling effects throughout the economy, which culminated in a considerable decline in U.S. GDP. In this post, we estimate how much of the fall in U.S. GDP during the pandemic was driven by spillover effects from the productivity losses of contact-intensive industries.

Keywords: pandemic; COVID-19; productivity; supply chains (search for similar items in EconPapers)
JEL-codes: E2 (search for similar items in EconPapers)
Date: 2021-09-27
New Economics Papers: this item is included in nep-agr, nep-eff and nep-mac
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