Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/234082
Authors: 
Meinen, Philipp
Serafini, Roberta
Papagalli, Ottavia
Year of Publication: 
2021
Series/Report no.: 
ECB Working Paper No. 2528
Abstract: 
The paper provides an ex-post analysis of the determinants of within-country regional heterogeneity of the labour market impact of COVID-19. By focussing on the first wave of the pandemic in the four largest euro area economies, it finds that the propagation of the economic impact across regions cannot be explained by the spread of infections only. Instead, a region's economic structure is a significant driver of the observed heterogeneity. Moreover, our results suggest that a region's trade relations, both within and across countries, represent a relevant indirect channel through which COVID-19 related disruptions affect regional economic activity. In this regard, the analysis depicts vulnerabilities arising from potential disruptions of the highly integrated EU supply chains.
Subjects: 
COVID-19 pandemic
short-time work
input-output linkages
sectoral exposure
regional differences
JEL: 
R11
F14
J40
R15
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-4528-8
Document Type: 
Working Paper

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