CHINA AND WORLD OUTPUT IMPACT OF THE HUBEI LOCKDOWN DURING THE CORONAVIRUS
OUTBREAK
#MMPMID32837176
Luo S
; Tsang KP
Contemp Econ Policy
2020[Oct]; 38
(4
): 583-592
PMID32837176
show ga
Using a network approach, we estimate the output loss due to the lockdown of the
Hubei province triggered by the coronavirus disease (COVID-19). Based on our most
conservative estimate, China suffers about 4% loss of output from labor loss, and
global output drops by 1% per period due to the economic contraction in China.
About 40% of the impact is indirect, coming from spillovers through the supply
chain inside and outside China. (JEL E23, E24, F62).