Long COVID? Prospects for economic scarring from the pandemic.
Contemp Econ Policy
; 2022 Nov 12.
Article
in En
| MEDLINE
| ID: mdl-36718418
ABSTRACT
This paper examines the potential persistent effects (scarring) of the COVID-19 pandemic on the economy and the channels through which they may occur. Our findings from a broad set of historical recessions confirm that recessions are associated with persistent output losses and that the greatest scarring has occurred following financial crises. The amount of scarring following pandemic and epidemic recessions in the sample is in between that of typical recessions and financial crises. Results on the channels show that the productivity channel is important, as all types of recessions have been followed by persistent losses to total factor productivity.
Full text:
1
Collection:
01-internacional
Database:
MEDLINE
Type of study:
Health_economic_evaluation
Language:
En
Journal:
Contemp Econ Policy
Year:
2022
Document type:
Article