全球智库信息集成服务系统(G2TT): DP14757 Estimating the costs and benefits of mandated business closures in a pandemic

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP14757
	DP14757 Estimating the costs and benefits of mandated business closures in a pandemic
	julien sauvagnat; Jean-Noel Barrot; Basile Grassi
发表日期	2020-05-14
出版年	2020
语种	英语
摘要	Typical government responses to pandemics involve social distancing measures implemented to curb disease propagation. We evaluate the impact of state-mandated business closures in the context of the Covid-19 crisis in the US. Using state-level variations in the set of sectors defined as non-essential and forced to shut down, and geographic variations in industry composition, we estimate the effects of business closure decisions on firms' market value, and on infection and death rates. We find that a 10 percentage point increase in the share of restricted labor is associated with a drop by 3 percentage points in April 2020 employment, a 1.87% drop in firms' market value, and 0.15 and 0.011 percentage points lower Covid-19 infection and death rates, respectively. An extrapolation of these preliminary findings suggests that state-mandated business closures might have cost $700 billion and saved 36,000 lives so far.
主题	Financial Economics
关键词	Pandemic Business closures Non-essential businesses Covid-19
URL	https://cepr.org/publications/dp14757
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/543683
推荐引用方式 GB/T 7714	julien sauvagnat,Jean-Noel Barrot,Basile Grassi. DP14757 Estimating the costs and benefits of mandated business closures in a pandemic. 2020.