Assessing the short-run effects of lockdown policies on economic activity, with an application to the Santiago Metropolitan Region, Chile

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dc.contributor.authorFosco, Constanza
dc.contributor.authorZurita, Felipe
dc.date.accessioned2024-01-10T13:44:48Z
dc.date.available2024-01-10T13:44:48Z
dc.date.issued2021
dc.description.abstractThis paper develops a methodology for the assessment of the short-run effects of lockdown policies on economic activity. The methodology combines labor market data with simulation of an agent-based model. We apply our methodology to the Santiago Metropolitan Region, Chile. We recover the model parameters from observed data, taking into account the recurring policy adjustments that characterized the study window. The model is used to build counterfactual scenarios. We estimate an 8 percent output loss in the first 5 months of the pandemic from the policy that was put in place, achieving a 56 percent reduction in the total number of infections. During this period, with an output loss to 10.5 percent of GDP, the infection rate would have decreased 92 percent, significantly delaying the spread of COVID and spike in infections. Our methodology applied to real data provided results that could be valuable in guiding policies in other lockdown situations in times of disaster, pandemics or social upheaval.
dc.format.extent23 páginas
dc.fuente.origenWOS
dc.identifier.doi10.1371/journal.pone.0252938
dc.identifier.issn1932-6203
dc.identifier.pubmedidMEDLINE:34153046
dc.identifier.urihttps://doi.org/10.1371/journal.pone.0252938
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/78939
dc.identifier.wosidWOS:000671691000002
dc.information.autorucFacultad de Economía y Administración; Zurita Lillo, Felipe; S/I; 100399
dc.issue.numero6
dc.language.isoen
dc.nota.accesoSin adjunto
dc.publisherPUBLIC LIBRARY SCIENCE
dc.revistaPLOS ONE
dc.rightsregistro bibliográfico
dc.subjectEPIDEMIC
dc.subjectSEGREGATION
dc.subjectCONTAGION
dc.subjectSPREAD
dc.titleAssessing the short-run effects of lockdown policies on economic activity, with an application to the Santiago Metropolitan Region, Chile
dc.typeartículo
dc.volumen16
sipa.codpersvinculados100399
sipa.indexWOS
sipa.trazabilidadCarga SIPA;09-01-2024
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