| Title | Sectoral Impacts Of The Activity Standstill Due To External Shocks Such As Covid-19: An Approach Based On The Hypothetical Extraction Applied To The External Insertion Of The Spanish Economy |
|---|---|
| ID_Doc | 19873 |
| Authors | Romero, HC; Marzábal, OR |
| Title | Sectoral Impacts Of The Activity Standstill Due To External Shocks Such As Covid-19: An Approach Based On The Hypothetical Extraction Applied To The External Insertion Of The Spanish Economy |
| Year | 2020 |
| Published | |
| Abstract | The COVID-19 pandemic has brought economic activity to a standstill unprecedented in recent history. The aim of this paper is to analyse the potential economic and sectoral impact resulting from suspension of certain activities. The analysis of production linkages and the hypothetical extraction method constitute the methods are applied, taking as a reference trade relation of Spain with the EU, USA and China in 2015. The results obtained based on the four possible scenarios proposed show a decline in GDP due to the paralysis of a set of sectors, revealing the existence of strong production linkages through Global Value Chains. |
| http://www.uhu.es/publicaciones/ojs/index.php/REM/article/download/4861/4215 |
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