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.
Lead investigator: |
Shaowen Luo |
Affiliation: |
Virginia Tech |
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Unit of real-time data collection |
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Start date |
1/2020 |
End date |
1/2020 |
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