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Assessing the impacts of COVID-19 on Myanmar’s economy: A Social Accounting Matrix (SAM) multiplier approach

Author

Listed:
  • Diao, Xinshen
  • Aung, Nilar
  • Lwin, Wuit Yi
  • Zone, Phoo Pye
  • Nyunt, Khin Maung
  • Thurlow, James

Abstract

The policy measures taken by the Government of Myanmar to contain the transmission of COVID-19 are a necessary and appropriate response to the pandemic. In-depth analysis of policy measures of this magnitude on firms, households, government, and the economy as a whole is key to the design of policy interventions that can mitigate the economic losses and support a sustained and robust recovery. In this policy paper, we use a Social Accounting Matrix (SAM) multiplier model to assess the effects of the COVID-19 pandemic on Myanmar’s economy. The SAM multiplier model is a simulation tool ideally suited to measuring short-term direct and indirect economy-wide impacts of unanticipated, rapid-onset economic shocks, such as COVID-19. The multiplier model builds on a SAM, which is a database that captures resource flows associated with all economic transactions taking place in an economy and represents the structure of the economy at a point in time by showing the interlinkages and relationships between actors, i.e., productive activities, households, governments, and relationships with the rest of the world. The Myanmar SAM captures 63 distinct activities or sectors to characterize Myanmar’s economy in 2019.

Suggested Citation

  • Diao, Xinshen & Aung, Nilar & Lwin, Wuit Yi & Zone, Phoo Pye & Nyunt, Khin Maung & Thurlow, James, 2020. "Assessing the impacts of COVID-19 on Myanmar’s economy: A Social Accounting Matrix (SAM) multiplier approach," Myanmar SSP working papers 1, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:myanwp:1
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    Citations

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    Cited by:

    1. Johan Swinnen & John McDermott, 2020. "Covid‐19 and Global Food Security," EuroChoices, The Agricultural Economics Society, vol. 19(3), pages 26-33, December.
    2. Henning Tarp Jensen & Marcus Keogh-Brown & Finn Tarp, 2021. "Climate change and agricultural productivity in Myanmar: Application of a new computable general equilibrium (CGE) model," WIDER Working Paper Series wp-2021-181, World Institute for Development Economic Research (UNU-WIDER).
    3. Bekhzod EGAMBERDIEV, 2021. "Household Impact Of The Covid-19 Pandemic From A Development Economics Perspective - A Review," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 15-30, June.
    4. Catherine Ragasa & Isabel Lambrecht & Kristi Mahrt & Zin Wai Aung & Michael Wang, 2021. "Immediate impacts of COVID‐19 on female and male farmers in central Myanmar: Phone‐based household survey evidence," Agricultural Economics, International Association of Agricultural Economists, vol. 52(3), pages 505-523, May.
    5. Boughton, Duncan & Goeb, Joseph & Lambrecht, Isabel & Headey, Derek & Takeshima, Hiroyuki & Mahrt, Kristi & Masias, Ian & Goudet, Sophie & Ragasa, Catherine & Maredia, Mywish K. & Minten, Bart & Diao,, 2021. "Impacts of COVID-19 on agricultural production and food systems in late transforming Southeast Asia: The case of Myanmar," Agricultural Systems, Elsevier, vol. 188(C).
    6. Henning Tarp Jensen & Marcus Keogh-Brown & Finn Tarp, 2021. "Labour market projections and time allocation in Myanmar: Application of a new computable general equilibrium (CGE) model," WIDER Working Paper Series wp-2021-180, World Institute for Development Economic Research (UNU-WIDER).
    7. Value chains and nutrition & Sustainable aquaculture & Hoong, Y. & Tran, N. & Akester, M.J. & Khin, M.S. & Belton, B. & Shamwela, S. & Naw, L. & Noot, S. & Myint, K.T. & Oo, K.M. & Wai, C. & Phyo, E.E, 2021. "Impacts of COVID-19 and options to build resilience and recovery in fish value chains in Myanmar," Monographs, The WorldFish Center, number 41003, April.

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