Long-Lasting Economic Effects of Pandemics: Evidence on Growth and Unemployment

Rodríguez-Caballero, Carlos Vladimir; Vera-Valdés, J. Eduardo

doi:10.20944/preprints202007.0248.v1

Cited by 8 publications

(2 citation statements)

References 20 publications

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“…Our literature review shows that there is no broad academic consensus regarding the long-term effects of pandemics and the consequent policy implications. Economists agree only on the relevance of a quick precautionary public response but not on exactly which policies to implement (Bai et al 2021;Rodríguez-Caballero and Vera-Valdés, 2020). Moreover, it is not yet clear whether COVID-19 will be a short-or long-lived pandemic, thus questioning even the optimal duration of the public intervention (Lee and McKibbin, 2004;Boucekkine et al, 2008).…”

Section: Discussionmentioning

confidence: 99%

The long-term economic effects of pandemics: toward an evolutionary approach

Callegari

Feder

2021

Industrial and Corporate Change

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COVID-19 has brought to the forefront of academic debates the consequences of pandemics and their appropriate policy responses. Using the PRISMA methodology, we provide a comprehensive review of the economic and historical analysis of the long-term economic consequences of pandemics. Mainstream economists focus on the impact of pandemics on production factors, finding a rich but contrasting set of mechanisms with overall negative or insignificant effects. Historians focus on the institutional impact, finding positive effects of pandemics when they trigger new socioeconomic arrangements. Evolutionary economists can integrate into the economic debate both historical elements and the complex biological characteristics of pandemics. We argue that the evolutionary approach provides new and fertile theoretical foundations to understand the phenomenon and develop effective policies.

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Section: Discussionmentioning

confidence: 99%

The long-term economic effects of pandemics: toward an evolutionary approach

Callegari

Feder

2021

Industrial and Corporate Change

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“…The restrictions on economic activity resulted in mass unemployment and reductions to GDP worldwide. If the current pandemic follows similar dynamics as previous ones, the economic effects may be felt even in the long run (Rodríguez-Caballero and Vera-Valdés, 2020). In this context, assessing the effect of economic restrictions on public transport mobility and air pollution emissions is of great importance.…”

Section: Introductionmentioning

confidence: 99%

Air Pollution and Mobility in the Mexico City Metropolitan Area in Times of COVID-19

Vera-Valdés

Caballero

2021

ATM

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This paper analyzes the relation between COVID-19, air pollution, and public transport mobility in the Mexico City Metropolitan Area (MCMA). We test if the restrictions to economic activity introduced to mitigate the spread of COVID-19 are associated with a structural change in air pollution levels and public transport mobility. Our results show that mobility in public transportation was significantly reduced following the government's recommendations. Nonetheless, we show that the reduction in mobility was not accompanied by a reduction in air pollution. Furthermore, Granger-causality tests show that the precedence relation between public transport mobility and air pollution disappeared as a product of the restrictions. Thus, our results suggest that air pollution in the MCMA seems primarily driven by industry and private car usage. In this regard, the government should redouble its efforts to develop policies to reduce industrial pollution and private car usage.

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A Perspective on Four Emerging Threats to Sustainability and Sustainable Development

Gounden

Mwangi

Mohan

2022

Earth

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Plastics are a precious, versatile set of materials. The accumulation of plastic waste threatens the environment. Recycling plastic waste can produce many new products. The many opportunities for using plastic waste create pressure for a strategy to develop or improve current waste management systems to reduce the negative impact on humans, fauna and flora. The objective of this review paper is to consider an opportunity to recycle plastic; to convert plastic waste into plastic sand bricks. This would reduce the impact of the four emerging crises (plastic pollution, unemployment, the shortage of affordable housing and climate change) identified in South Africa as a threat to sustainability. This paper reviews studies utilising plastic waste to manufacture materials for the construction industry. The feasibility of using plastic waste to manufacture bricks revealed high compressive strength, low water absorption and weighed considerably lower compared to traditional bricks. Plastic sand bricks, therefore, can provide a solution that can be used to curb the four emerging crises and contribute to sustainability.

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Long-Lasting Economic Effects of Pandemics: Evidence on Growth and Unemployment

Cited by 8 publications

References 20 publications

The long-term economic effects of pandemics: toward an evolutionary approach

The long-term economic effects of pandemics: toward an evolutionary approach

Air Pollution and Mobility in the Mexico City Metropolitan Area in Times of COVID-19

A Perspective on Four Emerging Threats to Sustainability and Sustainable Development

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