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COVID-19 and decreasing consumption: a multisectoral assesment for Italy

Author

Listed:
  • Clio Ciaschini

    (Università Politecnica delle Marche)

  • Margherita Carlucci

    (Università di Roma "La Sapienza")

  • Francesco Maria Chelli

    (Università Politecnica delle Marche)

  • Giuseppe Ricciardo Lamonica

    (Università Politecnica delle Marche)

  • Luca Salvati

    (Università di Roma "La Sapienza")

Abstract

The outbreak of Covid-19 pandemic caused an important decrease in GDP worldwide; mobility, job markets, and the efficiency of national health systems were particularly affected dimensions of everyday life. In the second quarter of 2020, household expenditure decreased by more than 10% on average compared to that of the second quarter of 2019. The present study quantifies the impact of Covid-19 pandemic on final demand and economic growth adopting a multi-sectoral analysis of recent official statistics (national accounting) for Italy. A multi-sectoral approach allows for the estimation of the inherent growth (or decline) of economic activities by industry type, contributing to clarify the post-pandemic resilience potential of one of the most affected countries among advanced economies.

Suggested Citation

  • Clio Ciaschini & Margherita Carlucci & Francesco Maria Chelli & Giuseppe Ricciardo Lamonica & Luca Salvati, 2023. "COVID-19 and decreasing consumption: a multisectoral assesment for Italy," Economics Bulletin, AccessEcon, vol. 43(2), pages 1162-1171.
    • Handle: RePEc:ebl:ecbull:eb-22-00637
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    References listed on IDEAS

    as
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    Keywords

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    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • D1 - Microeconomics - - Household Behavior

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