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Clio Ciaschini, Margherita Carlucci, Francesco Maria Chelli, Giuseppe Ricciardo Lamonica and Luca Salvati
''COVID-19 and decreasing consumption: a multisectoral assesment for Italy ''
( 2023, Vol. 43 No.2 )
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.
Keywords: Household consumption, Input-Output Tables, Covid-19, Southern Europe.
JEL: E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data)
D1 - Household Behavior: General
Manuscript Received : Aug 25 2022 Manuscript Accepted : Jun 30 2023

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