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Regional economic impact of COVID-19 in Colombia: An input–output approach
Authors
Eduardo Amaral Haddad
Jaime Bonet-Morón
Diana Ricciulli-Marín
Gerson Javier Pérez-Valbuena
Luis Armando Galvis-Aponte
Inácio F. Araújo
Fernando S. Perobelli
July 29, 2020
Related topics: 
Economy
Sectorial policies and structural transformation
Society
Health
Americas and Carribean
South America

The aim of this paper is to assess the regional economic impact of the lockdown measures ordered by the national government to prevent the spread of COVID-19. Using an input–output model, we estimate the economic loss of extracting groups of formal and informal workers from different economic sectors. Results show monthly economic losses that represent between 0.5% and 6.1% of national GDP, depending on the scenario considered. Accommodation and food services, real estate, administrative services, construction and trade are the most affected sectors. Regionally, Antioquia, Boyacá, San Andrés, Santander and Valle del Cauca appear as highly vulnerable to these restrictions.

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