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. 2021 Sep;35(4):1007-1044.
doi: 10.1111/joes.12423. Epub 2021 Apr 18.

A literature review of the economics of COVID-19

Abel Brodeur  1 , David Gray  1 , Anik Islam  1 , Suraiya Bhuiyan  1
Affiliations

A literature review of the economics of COVID-19

Abel Brodeur et al. J Econ Surv. 2021 Sep.

Abstract

The goal of this piece is to survey the developing and rapidly growing literature on the economic consequences of COVID-19 and the governmental responses, and to synthetize the insights emerging from a very large number of studies. This survey: (i) provides an overview of the data sets and the techniques employed to measure social distancing and COVID-19 cases and deaths; (ii) reviews the literature on the determinants of compliance with and the effectiveness of social distancing; (iii) mentions the macroeconomic and financial impacts including the modelling of plausible mechanisms; (iv) summarizes the literature on the socioeconomic consequences of COVID-19, focusing on those aspects related to labor, health, gender, discrimination, and the environment; and (v) summarizes the literature on public policy responses.

Keywords: COVID‐19; coronavirus; economic impact; lockdowns; social impact.

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Figures

FIGURE 1
FIGURE 1
COVID‐19 publications in 2020 in the NBER working paper series. [Color figure can be viewed at wileyonlinelibrary.com] Source: Authors’ compilation drawn from the NBER website
See this image and copyright information in PMC

References

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    1. Agarwal, A. , Alomar, A. , Sarker, A. , Shah, D. , Shen, D. , & Yang, C. (2020). Two burning questions on COVID‐19: Did shutting down the economy help? Can we (Partially) reopen the economy without risking the second wave? arXiv.org, 2005.00072. Retrieved from http://arxiv.org/abs/2005.00072

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