Estimating the impact of Covid-19 on the Spanish Economy with Input-Output Tables, Fernando BERMEJO PATÓN and Eladio FEBRERO BAÑOS

Estimating the impact of Covid-19 on the Spanish Economy with Input-Output Tables

Wednesday, 2 December 2020

 

 

“In this research, we present a forecast of the impact of measures to stem Covid-19 on the Spanish economy at a highly disaggregate level, using input-output techniques. Our estimations cover the period 2020-2021, and we consider two scenarios depending on the possibility of a second wave of massive infections in the autumn of 2020. In 2020, the lockdown of the population and the shutdown of a large part of the production system for several weeks are a supply-side shock that will be followed by a demand-side shock whose impact is expected to be even larger. In 2021 there will be some recovery, although we believe that it will not be sufficient for offsetting the initial negative shock.”

Fernando Bermejo Patón

- University of Castilla-La Mancha CV

Eladio Febrero Paños

- Associate Professor,University of Castilla - La Mancha

Slides