This study aims to estimate the economic impact caused by the COVID-19 pandemic crisis in Portugal for the year 2020. To determine the consequences of the impact of this disease and of the non-pharmaceutical measures that were put in place, the economic impact is analysed: i) by economic sector; ii) disaggregated in three macroeconomic indicators – Production, Gross Value Added (GVA) and Employment. As the methodology, the Input-Output Model was applied, which in a matrix allows to split the economy in the various economic sectors and analyse the existing interdependencies between them. Through this model, it was possible to identify a substantial reduction in production, in GVA and in employment, with special emphasis in restaurant and accommodation services, as well as retail activities.
|Date of Award||14 Jul 2021|
- Universidade Católica Portuguesa
|Supervisor||Francisca Guedes de Oliveira (Supervisor)|
- Input-output analysis
- Input-output table