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The economic impact of Covid-19 pandemic in Sardinia

Author

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  • Deriu, S.
  • Cassar, I.P.
  • Pretaroli, R.
  • Socci, C.

Abstract

The spread of the Covid-19 pandemic forced Central and Local Governments to introduce a set of policy measures aimed at restraining the contagion among people. These interventions resulted in actions that put a brake on the production system and at the same time on the growth of aggregate demand. The economic impact is far-reaching, with direct, indirect and induced effects mainly related to the interconnection between production sectors and institutional sectors. In particular, the economic impact of Covid-19 crisis exacerbated in the territories where the economy mostly depends on tourism activities, which continues to suffer a decrease despite the interruption of containment measures. The crucial point in the current economic debate is the estimation of the impact these measures will have on economic systems, with the aim of assessing the regulatory mechanisms necessary for the restart of the economic system. In this work we propose an estimate analysis of the effect of the Prime Minister Decree (DPCM) of 22 March 2020 on the economic system of the Sardinia Region. The analysis is developed through the application of a SAM based CGE and the results are provided in terms of change in production, final demand and disposable income.

Suggested Citation

  • Deriu, S. & Cassar, I.P. & Pretaroli, R. & Socci, C., 2022. "The economic impact of Covid-19 pandemic in Sardinia," Research in Transportation Economics, Elsevier, vol. 93(C).
    • Handle: RePEc:eee:retrec:v:93:y:2022:i:c:s0739885921000627
    DOI: 10.1016/j.retrec.2021.101090
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    References listed on IDEAS

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    Cited by:

    1. Han, Yang, 2022. "The impact of the COVID-19 pandemic on China's economic structure: An input–output approach," Structural Change and Economic Dynamics, Elsevier, vol. 63(C), pages 181-195.

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    More about this item

    Keywords

    Covid-19; CGE; Social accounting matrix; Sardinia;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E16 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Social Accounting Matrix

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