The economic effects of COVID-19 in Mexico. An input-output approach
DOI:
https://doi.org/10.46443/catyp.v17i2.287Keywords:
supply shock, demand shock, input-outputAbstract
The impact supply and demand shocks due to non-essential activities lockdown measures during the months of April and May, technical lock in the manufacturing sector during the last week on March and social distances measures during the months June-December. An input-output model is estimated using the 2013 input-output matrix and 2019 Gross Value Added (GVA). The annual variation rate of the GVA is -11.9% considering the supply and demand shocks of March-December. And an annual variation rate of -2.51% of GVA considering only the supply shock. The greatest impact on the economy corresponds to the demand shocks.
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