World Economic Outlook, April 2010: Rebalancing Growth

Fund, International Monetary

doi:10.5089/9781589069565.081

Cited by 85 publications

(15 citation statements)

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“…The sealing of state and district borders and restrictions on day to day movement of people affected their access to work places causing huge loss of employment and income. Similar views were expressed by international organizations and institutions ( Bennett et al, 2020 ; FAO, 2020b ; International Monetary Fund (IMF), 2020 ; Schmidhuber et al, 2020 ; Stephens et al, 2020 ). As a whole, this study estimated a probable loss of about 40% to the Indian shrimp sector in each component, the total loss in value terms being 1.50 billion USD ( Table 3 ).…”

Section: Resultsmentioning

confidence: 59%

“…COVID-19-induced restrictions exert a symmetric, but asynchronous shock on the global and national food systems from primary supply to processing, exports to trade as well as national and international logistics systems ( Schmidhuber et al, 2020 ; Torero, 2020 ). A paradox of unemployment due to close down of activities in manufacturing and service sectors in one side as well as labour shortage in primary food production systems due to social and movement restrictions might cause severe economic consequences that can result in global economic recession as bad as the great depression ( International Monetary Fund (IMF), 2020 ). Moreover, export restrictions across the countries might limit global farm-food trade and market access ( Laborde, 2020 ; IFPRI, 2020 ) and the reduced freight capacity on commercial flights for agricultural goods led to global supply chain disruptions ( FAO, 2020a ; Ivanov, 2020 ).…”

Section: Introductionmentioning

confidence: 99%

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Prospective impact of Corona virus disease (COVID-19) related lockdown on shrimp aquaculture sector in India – a sectoral assessment

et al. 2021

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The lockdown on account of the Coronavirus disease 2019 (COVID-19) adversely impacted the food production sector including aquaculture, globally. Unfortunately, it coincided with the major shrimp farming season in India which contributes 60% of the national annual shrimp production hence the impact was substantial. An on-line survey was carried out among the stakeholders of the shrimp farming sector to evaluate the prospective impact of COVID-19 related lockdown across the shrimp supply chain. The study estimated an economic loss of 1.50 billion USD to the shrimp aquaculture sector during the current year. It is expected that shrimp production and its export performance may be declining by 40% in the current season. The Garret ranking and Rank Based Quotient analyses projected severe constraints in shrimp seed production and supply, disruptions in the supply chain, logistics, farming, processing, marketing and loss of employment and income for the workers due to the pandemic. To mitigate the impact, the Government of India declared fisheries and aquaculture as an essential activity, facilitated the movement of inputs and services. Further, a major Fisheries Development Scheme(PMMSY) with a financial outlay of 267 million USD has been announced to usher in a blue revolution by strengthening the value chain, doubling the fisher/farmer income, employment generation, economic and social security for fishers/fish farmers adhering to the sustainability principles. Short and medium-term technical and policy measures are suggested to tide over the impact of COVID-19 related lockdown and related restrictions.

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Section: Resultsmentioning

confidence: 59%

Section: Introductionmentioning

confidence: 99%

Prospective impact of Corona virus disease (COVID-19) related lockdown on shrimp aquaculture sector in India – a sectoral assessment

et al. 2021

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“…The Internationally Monetary Fund estimates a decline of world GDP by 3%, a drop much more severe than the 2008-2009 crisis, while the Euro-Area estimated loss currently is 7.5% of GDP. 78 Both are conservative forecasts.…”

Section: The Economic Impact Of the Pandemicmentioning

confidence: 99%

A multiscale model of virus pandemic: Heterogeneous interactive entities in a globally connected world

Bellomo

Bingham

Chaplain

et al. 2020

Math. Models Methods Appl. Sci.

154

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This paper is devoted to the multidisciplinary modelling of a pandemic initiated by an aggressive virus, specifically the so-called SARS–CoV–2 Severe Acute Respiratory Syndrome, corona virus n.2. The study is developed within a multiscale framework accounting for the interaction of different spatial scales, from the small scale of the virus itself and cells, to the large scale of individuals and further up to the collective behaviour of populations. An interdisciplinary vision is developed thanks to the contributions of epidemiologists, immunologists and economists as well as those of mathematical modellers. The first part of the contents is devoted to understanding the complex features of the system and to the design of a modelling rationale. The modelling approach is treated in the second part of the paper by showing both how the virus propagates into infected individuals, successfully and not successfully recovered, and also the spatial patterns, which are subsequently studied by kinetic and lattice models. The third part reports the contribution of research in the fields of virology, epidemiology, immune competition, and economy focussed also on social behaviours. Finally, a critical analysis is proposed looking ahead to research perspectives.

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“…Acemoglu et al, 2020 , Alwan et al, 2020 , Axios. (Jun 23, 2020 , Bloom et al, 2020a , Bloom et al, 2020b , Bloom et al, 2019 , Bloom et al, 2020c , Bloom et al, 2020d , Chen et al, 2019a , Chen et al, 2020a , Chen et al, 2020b , Chen et al, 2020c , Chen et al, 2019b , Chen et al, 2019c , Chen et al, 2020d , Chen et al, 2020e , Chen et al, 2020f , Chen et al, 2020g , Geoffard, 2020 , Greenstone and Nigam , International Monetary Fund, June 2020 , International Monetary Fund, April 2020 , Johns Hopkins University. (Oct 19, 2020 , Prettner and Strulik, 2020 , U.S. Bureau of Labor Statistics.…”

Section: Uncited Referencesmentioning

confidence: 99%

The economic burden of COVID-19 in the United States: Estimates and projections under an infection-based herd immunity approach

Chen

Prettner

Kühn

et al. 2021

The Journal of the Economics of Ageing

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Objectives To assess the economic burden of COVID-19 that would arise absent behavioral or policy responses under the herd immunity approach in the United States and compare it to total burden that also accounts for estimates of the value of lives lost. Methods We use the trajectories of age-specific human and physical capital in the production process to calculate output changes based on a human capital–augmented production function. We also calculate the total burden that results when including the value of lives lost as calculated from mortality rates of COVID-19 and estimates for the value of a statistical life in the United States based on studies assessing individual’s willingness to avoid risks. Results Our results indicate that the GDP loss associated with unmitigated COVID-19 would amount to a cumulative US$1.4 trillion by 2030 assuming that 60 percent of the population is infected over three years. This is equivalent to around 7.7 percent of GDP in 2019 (in constant 2010 US$) or an average tax on yearly output of 0.6 percent. After applying the value of a statistical life to account for the value of lives lost, our analyses show that the total burden can mount to between US$17 to 94 trillion over the next decade, which is equivalent to an annual tax burden between 8 and 43 percent. Conclusion Our results show that the Unite States would incur a sizeable burden if it adopted a non-interventionist herd immunity approach. Funding Research reported in this paper was supported by the Alexander von Humboldt Foundation, the Bill & Melinda Gates Foundation (Project INV-006261), and the Sino-German Center for Research Promotion (Project C-0048), which is funded by the German Research Foundation (DFG) and the National Natural Science Foundation of China (NSFC). The statements made and views expressed are solely the responsibility of the authors.

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World Economic Outlook, April 2010: Rebalancing Growth

Cited by 85 publications

References 1 publication

Prospective impact of Corona virus disease (COVID-19) related lockdown on shrimp aquaculture sector in India – a sectoral assessment

Prospective impact of Corona virus disease (COVID-19) related lockdown on shrimp aquaculture sector in India – a sectoral assessment

A multiscale model of virus pandemic: Heterogeneous interactive entities in a globally connected world

The economic burden of COVID-19 in the United States: Estimates and projections under an infection-based herd immunity approach

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