The Potential Impact of COVID-19 on GDP and Trade
Economic models can be used to model the consequences of pandemics (Burns et. al. (2006), Bloom et. al. (2005), Lee and McKibbin (2004), McKibbin et. al. (2006), Evans et. al. (2014)). Building on previous studies, this paper focuses on four channels—i) the direct impact of a reduction in employment; ii) the
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