The effect of COVID-19 on the economy: Evidence from an early adopter of localized lockdowns.

ABSTRACT:

Background

Governments worldwide have implemented large-scale non-pharmaceutical interventions, such as social distancing or school closures, to prevent and control the growth of the COVID-19 pandemic. These strategies, implemented with varying stringency, have imposed substantial social and economic costs to society. As some countries begin to reopen and ease mobility restrictions, lockdowns in smaller geographic areas are increasingly considered an attractive policy intervention to mitigate societal costs while controlling epidemic growth. Nevertheless, there is a lack of empirical evidence to support these decisions.

Methods

Drawing from a rich data set of localized lockdowns in Chile, we used econometric methods to measure the reduction in local economic activity from lo

SUBMITTER: Asahi K 

PROVIDER: S-EPMC7897430 | biostudies-literature | 2021 Jan

REPOSITORIES: biostudies-literature