IDEAS home Printed from https://ideas.repec.org/h/spr/adspcp/978-3-031-22653-3_12.html
   My bibliography  Save this book chapter

Regional Differences in the Economic Impact of Lockdown Measures to Prevent the Spread of COVID-19: A Case Study for Colombia

In: The Colombian Economy and Its Regional Structural Challenges

Author

Listed:
  • Jaime Bonet

    (Banco de la República)

  • Diana Ricciulli

    (Banco de la República)

  • Gerson Javier Pérez-Valbuena

    (Banco de la República)

  • Eduardo A. Haddad

    (University of São Paulo)

  • Inácio F. Araújo

    (University of São Paulo)

  • Fernando S. Perobelli

    (Federal University of Juiz de Fora)

Abstract

This chapter analyzes the regional economic differences on the impact of lockdown measures ordered by Colombia's national government to prevent the spread of COVID-19. Using an input–output model, we estimate the regional economic losses of extracting a group of formal and informal workers from different sectors of the economy. Results show regional differences in the impact of lockdown on labor markets, local economies, and its productive sectors. We find that peripheral regions (Amazonía, Caribe, Pacífica, and Llanos and Orinoquia) concentrate a higher number of informal workers in the group of employees in lockdown than the central regions (Eje Cafetero and Antioquia, and Central). Regarding economic impact, losses range between 5,4% of GDP for the region Amazonía to 6,3% for Eje Cafetero and Antioquia. Moreover, while the sector of services concentrates the highest losses in the regions Eje Cafetero and Antioquia, Central, Caribe, and Pacífica, in Amazonía, and Llanos and Orinoquia, the economic activities mostly affected belong to mining and agriculture.

Suggested Citation

  • Jaime Bonet & Diana Ricciulli & Gerson Javier Pérez-Valbuena & Eduardo A. Haddad & Inácio F. Araújo & Fernando S. Perobelli, 2023. "Regional Differences in the Economic Impact of Lockdown Measures to Prevent the Spread of COVID-19: A Case Study for Colombia," Advances in Spatial Science, in: Eduardo A. Haddad & Jaime Bonet & Geoffrey J. D. Hewings (ed.), The Colombian Economy and Its Regional Structural Challenges, chapter 0, pages 327-358, Springer.
    • Handle: RePEc:spr:adspcp:978-3-031-22653-3_12
    DOI: 10.1007/978-3-031-22653-3_12
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Aum, Sangmin & Lee, Sang Yoon (Tim) & Shin, Yongseok, 2021. "Inequality of fear and self-quarantine: Is there a trade-off between GDP and public health?," Journal of Public Economics, Elsevier, vol. 194(C).
    2. Amaral Haddad, Eduardo & Fernandes de Araújo Junior, Inácio & Galvis-Aponte, Luis Armando, 2019. "Matriz Insumo-Producto Interregional de Colombia, 2015 (Nota Técnica)," TD NEREUS 10-2019, Núcleo de Economia Regional e Urbana da Universidade de São Paulo (NEREUS).
    3. Haddad, Eduardo Amaral & Perobelli, Fernando Salgueiro & Araújo, Inácio Fernandes, 2020. "Input-Output Analysis of COVID-19: Methodology for Assessing the Impacts of Lockdown Measures," TD NEREUS 1-2020, Núcleo de Economia Regional e Urbana da Universidade de São Paulo (NEREUS).
    4. Jaime Bonnet M., 2006. "Cambio estructural regional en Colombia: una aproximación con matrices insumo-producto," Coyuntura Económica, Fedesarrollo, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Diana Ricciulli-Marín & Jaime Bonet-Morón & Gerson Javier Pérez-Valbuena & Eduardo A. Haddad & Inácio F. Araújo & Fernando S. Perobelli, 2020. "Diferencias regionales en el impacto económico del aislamiento preventivo por el COVID-19: estudio de caso para Colombia," Documentos de Trabajo Sobre Economía Regional y Urbana 18203, Banco de la República, Economía Regional.
    2. Jaime Bonet-Morón & Diana Ricciulli-Marín & Gerson Javier Pérez-Valbuena & Luis Armando Galvis-Aponte & Eduardo A. Haddad & Inácio F. Araújo & Fernando S. Perobelli, 2020. "Impacto económico regional del Covid-19 en Colombia: un análisis insumo-producto," Documentos de trabajo sobre Economía Regional y Urbana 288, Banco de la Republica de Colombia.
    3. Niembro, Andrés & Calá, Carla Daniela, 2024. "Regional structural change in Argentina (1996-2019): Concepts, measurements and unequal trajectories over the business cycle," Nülan. Deposited Documents 4106, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    4. Gottlieb Charles & Grobovšek Jan & Poschke Markus & Saltiel Fernando, 2022. "Lockdown Accounting," The B.E. Journal of Macroeconomics, De Gruyter, vol. 22(1), pages 197-210, January.
    5. Hai-Anh H. Dang & Cuong Viet Nguyen, 2024. "Agricultural Production as a Coping Strategy during the Covid-19 Pandemic? Evidence from Rural Viet Nam," Working Papers DP-2023-23, Economic Research Institute for ASEAN and East Asia (ERIA).
    6. Aum, Sangmin & Lee, Sang Yoon (Tim) & Shin, Yongseok, 2021. "Inequality of fear and self-quarantine: Is there a trade-off between GDP and public health?," Journal of Public Economics, Elsevier, vol. 194(C).
    7. Bratianu Constantin, 2020. "Toward understanding the complexity of the COVID-19 crisis: a grounded theory approach," Management & Marketing, Sciendo, vol. 15(s1), pages 410-423, October.
    8. Maslina Mansor & Mohamad Fazli Sabri & Mustazar Mansur & Muslimah Ithnin & Amirah Shazana Magli & Abd Rahim Husniyah & Nurul Shahnaz Mahdzan & Mohd Amim Othman & Roza Hazli Zakaria & Nurulhuda Mohd Sa, 2022. "Analysing the Predictors of Financial Stress and Financial Well-Being among the Bottom 40 Percent (B40) Households in Malaysia," IJERPH, MDPI, vol. 19(19), pages 1-23, September.
    9. Jaime Bonet, 2007. "La terciarización de las estructuras económicas regionales en Colombia," Revista de Economía del Rosario, Universidad del Rosario, May.
    10. Timo Boppart & Karl Harmenberg & John Hassler & Per Krusell & Jonna Olsson, 2020. "Integrated Epi-Econ Assessment," NBER Working Papers 28282, National Bureau of Economic Research, Inc.
    11. Mellacher, Patrick, 2020. "COVID-Town: An Integrated Economic-Epidemiological Agent-Based Model," MPRA Paper 103661, University Library of Munich, Germany.
    12. Wang, Yupeng & Shimokawa, Satoru, 2024. "A trade-off between lives and the economy? Subsidizing dining out under the COVID-19 pandemic in Japan," Food Policy, Elsevier, vol. 124(C).
    13. Yuya Katafuchi & Kenichi Kurita & Shunsuke Managi, 2021. "COVID-19 with Stigma: Theory and Evidence from Mobility Data," Economics of Disasters and Climate Change, Springer, vol. 5(1), pages 71-95, April.
    14. Garriga, Carlos & Manuelli, Rody & Sanghi, Siddhartha, 2022. "Optimal management of an epidemic: Lockdown, vaccine and value of life," Journal of Economic Dynamics and Control, Elsevier, vol. 140(C).
    15. David E. Bloom & Michael Kuhn & Klaus Prettner, 2022. "Modern Infectious Diseases: Macroeconomic Impacts and Policy Responses," Journal of Economic Literature, American Economic Association, vol. 60(1), pages 85-131, March.
    16. Lee, Sang Yoon(Tim), 2022. "The political economy of early COVID-19 interventions in U.S. states: Comment," Journal of Economic Dynamics and Control, Elsevier, vol. 140(C).
    17. Ferragina, Emanuele & Pasqualini, Marta & Ricchi, Ettore & Zola, Andrew, 2021. "Who cares about health and the economy through the Covid-19 pandemic? Longitudinally tracking changes and heterogeneity in people’s perceptions of risks," SocArXiv rv7e3, Center for Open Science.
    18. Caselli, Mauro & Fracasso, Andrea & Traverso, Silvio, 2021. "Robots and risk of COVID-19 workplace contagion: Evidence from Italy," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    19. Niembro, Andrés & Calá, Carla Daniela, 2023. "Cambio estructural regional en Argentina: conceptualización y medición a nivel de áreas económicas locales (1996-2019)," Nülan. Deposited Documents 4051, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    20. Jaime Bonet, 2007. "Minería y desarrollo económico en el Cesar," Documentos de Trabajo Sobre Economía Regional y Urbana 3223, Banco de la República, Economía Regional.

    More about this item

    JEL classification:

    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:adspcp:978-3-031-22653-3_12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.