How to Lockdown an Economy: an Input Output Analysis of the Italian Case

Quaderni - Working Paper DSE N° 1152

16 Pages Posted: 8 Oct 2020

See all articles by Paolo Manasse

Paolo Manasse

Department of Economics, University of Bologna

G. Alfredo Minerva

University of Bologna - Department of Economics

Roberto Patuelli

University of Bologna - Department of Economics

Lorenzo Zirulia

University of Milan - Department of Economics, Management and Quantitative Methods (DEMM)

Date Written: September 2020

Abstract

This paper employs the most recent Input Output tables to discuss the Italian lockdown after the COVID-19 epidemics. We define “basic activities” and derive a ranking of industries which more intensively contribute to them. Confronting our results with the choices of the Italian government, we find that these were broadly correct in terms of industrial composition. However, we find that the lockdown of industries such as construction, real estate and manufacture of basic metals reveal a very conservative preferences in terms of the target share of output of essential activities (below 85 %).

Keywords: COVID-19, epidemic, lockdown, input-output

JEL Classification: D57, L52, L60

Suggested Citation

Manasse, Paolo and Minerva, Gaetano Alfredo and Patuelli, Roberto and Zirulia, Lorenzo, How to Lockdown an Economy: an Input Output Analysis of the Italian Case (September 2020). Quaderni - Working Paper DSE N° 1152, Available at SSRN: https://ssrn.com/abstract=3699384 or http://dx.doi.org/10.2139/ssrn.3699384

Paolo Manasse (Contact Author)

Department of Economics, University of Bologna ( email )

Pza Scaravilli 1
Bologna, Bologna 40100
Italy
+39051209 2616 (Phone)

HOME PAGE: http://www2.dse.unibo.it/manasse/index.htm

Gaetano Alfredo Minerva

University of Bologna - Department of Economics ( email )

Strada Maggiore 45
Bologna, 40125
Italy

Roberto Patuelli

University of Bologna - Department of Economics ( email )

via Anghera' 22
Rimini, 47921
Italy
+39-0541-434276 (Phone)
+39-02-700419665 (Fax)

HOME PAGE: http://https://sites.google.com/site/patuellihomepage/

Lorenzo Zirulia

University of Milan - Department of Economics, Management and Quantitative Methods (DEMM) ( email )

Via Conservatorio, 7
Milan, 20122
Italy

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