In this work, we evaluate the exposure of Italian regions to the risk associated with the spread of COVID-19 through a two-step value chain approach. First, we estimate the degree of participation of Italian regions in a plurality of value chains linked to consumption, investment and exports. We distinguish between value chains aimed at satisfying […]
Author Archive | Tommaso Ferraresi, Leonardo Ghezzi, Fabio Vanni, Alessandro Caiani, Mattia Guerini, Francesco Lamperti, Severin Reissl, Giorgio Fagiolo, Mauro Napoletano and Andrea Roventini
Assessing the Economic Impact of Lockdowns in Italy: A Computational Input-Output Approach
Severin Reissl, Alessandro Caiani, Francesco Lamperti, Mattia Guerini, Fabio Vanni, Giorgio Fagiolo, Tommaso Ferraresi, Leonardo Ghezzi, Mauro Napoletano and Andrea Roventini - 7 April 2021
We build a novel computational input-output model to estimate the economic impact of lockdowns in Italy. The key advantage of our framework is to integrate the regional and sectoral dimensions of economic production in a very parsimonious numerical simulation framework. Lockdowns are treated as shocks to available labor supply and they are calibrated on regional […]
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