Aleksey A. Ponomarenko, S. Popova, A. Sinyakov, Natalya Turdyeva, D. Chernyadyev
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Assessing the Consequences of the Pandemic for the Russian Economy Through an Input-Output Model
This paper evaluates the impact of anti-coronavirus measures on the dynamics of economic activity. In addition to primary shocks directly caused by restrictive measures, we assess their secondary effects through inter-industry relationships. Our assessments show that secondary effects impact more industries than primary effects do. The overall impact of secondary effects on the economy proves to be of a larger scale than the impact of primary effects with high heterogeneity of dynamics by industry.