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The Italian value chain in the pandemic: the input?output impact of Covid-19
lockdown
#MMPMIDC7335925
Giammetti R
; Papi L
; Teobaldelli D
; Ticchi D
?-/-? 2020[]; 47
(3
): 483-97
PMIDC7335925
show ga
This paper investigates the role of the domestic value chain in transmitting the
economic impact of Covid-19 lockdown measures. By employing techniques of complex
networks analysis and input?output traditional tools, the study identifies those
sectors that are key in the complex structure of the Italian supply chain and
provides different rankings of the most ?systemically important? industries
involved in the Covid-19 lockdown. The results suggest that by stopping the
production process of many key sectors, the lockdown has led to a drop in input
and output that, in turn, has generated a lock of about 52% of total circulating
value added, 30% of which has been locked within indirect value chains. Further,
by adding sectoral physical proximity indexes to the scenarios analysis, the
method developed here provides a tool to guide governments in designing safe and
efficient reopening policies. ELECTRONIC SUPPLEMENTARY MATERIAL: The online
version of this article (10.1007/s40812-020-00164-9) contains supplementary
material, which is available to authorized users.