The Economic Impact of Covid-19 and Associated Lockdown Measures in China
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Organización Internacional del Trabajo (OIT)
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| Formato: | Entrada de enciclopedia |
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International Labour Organization
2022
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| _version_ | 1874525009836244994 |
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| author | Matthieu Charpe |
| author_facet | Matthieu Charpe Matthieu Charpe |
| contents | The Economic Impact of Covid-19 and Associated Lockdown Measures in China Matthieu Charpe This paper assesses at the local level the economic impact of Covid-19 and associated lockdown measures in China using high frequency nighttime lights data. Building a model of monthly light intensity, lights dropped by a factor ranging between 13 and 18 percent in early 2020. This corresponds to a decline in economic activity of between 9 and 12 percent and a decline in employment of between 2.6 and 3.6 percent. At the local level, the majority of administrative entities followed a v-shaped recovery, while a smaller number followed a u-shaped recovery or a double dip. At province level, light intensity is explained by the number of cases and a lockdown measure. In particular, the increase in stringency index from 0 in December 2019 to 78 in April 2002 explains a decline in lights by 7.4 percent. University Library of Munich, Germany publication.encyclopediaEntry |
| format | Entrada de enciclopedia |
| id | ilo_995333258302676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2022 |
| publisher | International Labour Organization |
| spellingShingle | The Economic Impact of Covid-19 and Associated Lockdown Measures in China Matthieu Charpe The Economic Impact of Covid-19 and Associated Lockdown Measures in China Matthieu Charpe This paper assesses at the local level the economic impact of Covid-19 and associated lockdown measures in China using high frequency nighttime lights data. Building a model of monthly light intensity, lights dropped by a factor ranging between 13 and 18 percent in early 2020. This corresponds to a decline in economic activity of between 9 and 12 percent and a decline in employment of between 2.6 and 3.6 percent. At the local level, the majority of administrative entities followed a v-shaped recovery, while a smaller number followed a u-shaped recovery or a double dip. At province level, light intensity is explained by the number of cases and a lockdown measure. In particular, the increase in stringency index from 0 in December 2019 to 78 in April 2002 explains a decline in lights by 7.4 percent. University Library of Munich, Germany publication.encyclopediaEntry |
| title | The Economic Impact of Covid-19 and Associated Lockdown Measures in China |
| url | https://researchrepository.ilo.org/esploro/outputs/encyclopediaEntry/The-Economic-Impact-of-Covid-19-and/995333258302676 |