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How to Lockdown an Economy: an Input Output Analysis of the Italian Case

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Listed:
  • Paolo Manasse
  • G. Alfredo Minerva
  • Roberto Patuelli
  • Lorenzo Zirulia

Abstract

This paper employs the most recent Input Output tables to discuss the Italian lockdown after the COVID-19 epidemics. We define basic activities and derive a ranking of industries which more intensively contribute to them. Confronting our results with the choices of the Italian government, we find that these were broadly correct in terms of industrial composition. However, we find that the lockdown of industries such as construction, real estate and manufacture of basic metals reveal a very conservative preferences in terms of the target share of output of essential activities (below 85 %).

Suggested Citation

  • Paolo Manasse & G. Alfredo Minerva & Roberto Patuelli & Lorenzo Zirulia, 2020. "How to Lockdown an Economy: an Input Output Analysis of the Italian Case," Working Papers wp1152, Dipartimento Scienze Economiche, Universita' di Bologna.
    • Handle: RePEc:bol:bodewp:wp1152
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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