Covid-19 contagion, economic activity and business reopening protocols

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dc.contributor.authorJaniak, Alexandre
dc.contributor.authorMachado, Caio
dc.contributor.authorTuren, Javier
dc.date.accessioned2025-01-20T23:53:41Z
dc.date.available2025-01-20T23:53:41Z
dc.date.issued2021
dc.description.abstractThis paper studies the impact of sanitary protocols aimed at reducing the contagion by Covid-19 during the production and consumption of goods and services. We augment a heterogeneous SIR model with a two-way feedback between contagion and economic activity, allowing for firm and sector heterogeneity. While protocols are a burden for firms (especially SMEs), they may enhance economic activity by avoiding infections that reduce the labor supply. Using Chilean data, we calibrate the model and assess the impact of recommended firm protocols on contagion and economic activity in the after-lockdown period. Our quantitative results suggest that: (i) A second wave of infections is likely in the absence of protocols; (ii) Protocols targeted at some sectors can reduce deaths while at the same time improving economic conditions; (iii) Protocols applied widely have a negative effect on the economy. We also find that applying strict protocols to a few sectors is generally preferable to applying milder protocols to a larger number of sectors, both in terms of health and economic benefits. (c) 2020 Elsevier B.V. All rights reserved.
dc.description.funderFondecyt-Anid
dc.fuente.origenWOS
dc.identifier.doi10.1016/j.jebo.2020.12.016
dc.identifier.eissn1879-1751
dc.identifier.issn0167-2681
dc.identifier.urihttps://doi.org/10.1016/j.jebo.2020.12.016
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/94986
dc.identifier.wosidWOS:000616012200015
dc.language.isoen
dc.pagina.final284
dc.pagina.inicio264
dc.revistaJournal of economic behavior & organization
dc.rightsacceso restringido
dc.subjectCovid-19
dc.subjectBusiness operating protocols
dc.subjectSanitary protocols
dc.subjectSIR
dc.subjectContagion
dc.subjectEconomic fluctuations
dc.subject.ods17 Partnerships for the Goals
dc.subject.ods08 Decent Work and Economic Growth
dc.subject.odspa17 Alianzas para lograr los objetivos
dc.subject.odspa08 Trabajo decente y crecimiento económico
dc.titleCovid-19 contagion, economic activity and business reopening protocols
dc.typeartículo
dc.volumen182
sipa.indexWOS
sipa.trazabilidadWOS;2025-01-12
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