The impact of the COVID-19 pandemic on China's economic structure: An input–output approach

Yang, Han-Sul

doi:10.1016/j.strueco.2022.09.014

Cited by 21 publications

(7 citation statements)

References 40 publications

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“…It is important to recognize the impact of COVID-19 pandemic on the structure of the economy ( 59 ). The lockdown policy has spillover effects ( 60 , 61 ), especially in the food industry, the real estate activities, the constructions and the general services ( 62 ).…”

Section: Resultsmentioning

confidence: 99%

The impact of COVID-19 pandemic on the world’s major economies: based on a multi-country and multi-sector CGE model

Sun,

Yan,

Cao

et al. 2024

Front. Public Health

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ObjectiveTo quantitatively assess the impact of COVID-19 pandemic on public health, as well as its economic and social consequences in major economies, which is an international public health concern. The objective is to provide a scientific basis for policy interventions.Subject and methodsThis study utilizes a multi-country, multi-sector CGE-COVID-19 model to analyze the repercussions of the pandemic in 2022. The re-search focuses on quantifying the effects of COVID-19 on the macroeconomy and various industry sectors within six economies: the United States, China, the EU, the United Kingdom, Japan, and South Korea.ResultsThe COVID-19 pandemic shock had the most significant impact on China and the EU, followed by notable effects observed in the United States and the United Kingdom. In contrast, South Korea and Japan experienced relatively minimal effects. The reduction in output caused by the pandemic has affected major economies in multiple sectors, including real industries such as forestry and fisheries, and the services such as hotels and restaurants.ConclusionThe overall negative macroeconomic impact of the epidemic on major economies has been significant. Strategic interventions encompassing initiatives like augmenting capital supply, diminishing corporate taxes and fees, offering individual subsidies, and nurturing international cooperation held the potential to mitigate the detrimental economic consequences and enhance the global-economic amid the pan-demic. Consequently, this study contributes to the advancement of global anti-epidemic policies targeting economic recovery. Moreover, using the CGE-COVID-19 model has enriched the exploration of general equilibrium models in PHEIC events.

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Section: Resultsmentioning

confidence: 99%

The impact of COVID-19 pandemic on the world’s major economies: based on a multi-country and multi-sector CGE model

Sun,

Yan,

Cao

et al. 2024

Front. Public Health

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“…Recent research has highlighted the importance of understanding the long-lasting effects of COVID-19 on China, pointing out the structural changes that can be observed within China's economy due to COVID-19. Han (2022), in particular, underlines the growth of scientific research and information transmission to the detriment of other sectors, such as petroleum and finance. Scientific collaboration and information transmission are encouraged by their significantly improved capacity to promote the development of connected upstream and downstream sectors.…”

Section: Literature Reviewmentioning

confidence: 99%

Changing Structures in Transnational Research Networks: An Analysis of the Impact of Covid-19 on China's Scientific Collaborations

Rubini,

Pollio,

Barbieri

et al. 2023

Preprint

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“…The pandemic has greatly impacted traditionally robust sectors such as petroleum, finance, real estate, and accommodation and catering. These industries have experienced significant challenges due to the pandemic, leading to a diminished role in the overall economic network [4].…”

Section: Introductionmentioning

confidence: 99%

The Different Impact of Covid-19 Pandemic on Catering and Pharmaceutical Industry in China: Evidence from Time Series Model

Dai

2024

SHS Web Conf.

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Covid-19 pandemic is a huge setback for the global economy. This essay investigates the distinct impacts of the COVID-19 pandemic on China’s catering and pharmaceutical industries using time series models. It highlights how the pandemic differently influenced these sectors, with the catering industry experiencing a significant downturn and the pharmaceutical industry showing a surge in demand for medical products and services. The paper employs indices to represent industry situations, analyzes stock prices’ volatility, and predicts closing prices without the pandemic’s impact. The study utilizes the ARIMA model for forecasting and empirical analysis, revealing how the pandemic accelerated trends in these industries and its varying effects on them. This research offers insights into industry-specific impacts of global crises and provides valuable perspectives for policymakers, investors, and researchers in understanding economic effects during health emergencies. The results indicated that the covid-19 pandemic had a negative impact on catering industry and the stock price was much lower than expected. While it had a relatively positive effects on pharmaceutical industry since the huge demand of medicine and other related supplies.

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The impact of the COVID-19 pandemic on China's economic structure: An input–output approach

Cited by 21 publications

References 40 publications

The impact of COVID-19 pandemic on the world’s major economies: based on a multi-country and multi-sector CGE model

The impact of COVID-19 pandemic on the world’s major economies: based on a multi-country and multi-sector CGE model

Changing Structures in Transnational Research Networks: An Analysis of the Impact of Covid-19 on China's Scientific Collaborations

The Different Impact of Covid-19 Pandemic on Catering and Pharmaceutical Industry in China: Evidence from Time Series Model

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