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The Impact of SARS-CoV-2 on Economic Activity of Mexico in 2020

In: The Future of Companies in the Face of a New Reality

Author

Listed:
  • José Antonio Núñez Mora

    (Tecnológico de Monterrey)

  • Leovardo Mata Mata

    (Universidad Anáhuac México)

Abstract

In this document, the economic effect of Covid-19 on the economic activity of Mexico in 2020 is quantified, separating the impact of the trend that has been observed in recent years. The procedure used is an ARIMA model with an intervention that incorporates the NIG probability distribution, where it is found that the explained variance of the seasonally adjusted time series of the IGAE due to Covid-19 is 44.20% and due to the administration on duty 18.89%. These two estimates quantify that Covid-19 came to aggravate the recessionary economic situation that existed since 2019.

Suggested Citation

  • José Antonio Núñez Mora & Leovardo Mata Mata, 2021. "The Impact of SARS-CoV-2 on Economic Activity of Mexico in 2020," Springer Books, in: Griselda Dávila-Aragón & Salvador Rivas-Aceves (ed.), The Future of Companies in the Face of a New Reality, pages 1-15, Springer.
  • Handle: RePEc:spr:sprchp:978-981-16-2613-5_1
    DOI: 10.1007/978-981-16-2613-5_1
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    More about this item

    Keywords

    Covid-19; SARS-CoV-2; ARIMA; Recession; NIG;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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