Modeling economic losses and greenhouse gas emissions reduction during the COVID-19 pandemic: Past, present, and future scenarios for Italy
Status PubMed-not-MEDLINE Jazyk angličtina Země Velká Británie, Anglie Médium print-electronic
Typ dokumentu časopisecké články
PubMed
35250143
PubMed Central
PMC8885618
DOI
10.1016/j.econmod.2022.105807
PII: S0264-9993(22)00053-0
Knihovny.cz E-zdroje
- Klíčová slova
- COVID-19, Dynamic input output, Greenhouse gas, Inoperability, Input output, Macroeconomic industrial structure,
- Publikační typ
- časopisecké články MeSH
Unprecedented nationwide lockdowns were adopted because of the COVID-19 pandemic. Understanding the socioeconomic impact of the past and future restrictions while assessing the resilience of a local economy emerged as a worldwide necessity. To predict the economic and environmental effects of the lockdowns, we propose a methodology based on the well-established input-output inoperability model, using Italy as a case study. By reconstructing the 2020 restrictions, we analyzed the economic losses and greenhouse gas emissions reductions, identifying the most economically impacted sectors because of the restrictions and the sectoral interdependencies and those avoiding most air emissions. We constructed four partial-lockdown scenarios by minimizing the economic losses for increasing restrictions to highlight the model's utility as a tool for policymaking. By revealing the most interconnected and, thus, crucial sectors, the simulated scenarios showcase how the restrictions can be selected to avoid sudden and unpredicted economic damage.
Czech Academy of Sciences J HeyrovskýÌ Institute of Physical Chemistry 182 23 Prague Czech Republic
University of Turin Department of Economics and Statistics Lungo Dora Siena 100A 10153 Torino Italy
University of Turin Department of Management Corso Unione Sovietica 218 bis 10134 Turin Italy
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