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A Literature Review of the Economics of COVID-19

Author

Listed:
  • Abel Brodeur

    (University of Ottawa and IZA)

  • Suraiya Bhuyian

    (Department of Economics, University of Ottawa)

  • Anik Islam

    (Department of Economics, University of Ottawa)

  • David Gray

    (Department of Economics, University of Ottawa)

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) the macroeconomic and financial impacts, including the modelling of plausible mechanisms; (iv) summarizes the literature on the socio-economic 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.

Suggested Citation

  • Abel Brodeur & Suraiya Bhuyian & Anik Islam & David Gray, 2021. "A Literature Review of the Economics of COVID-19," Working Papers 2103E, University of Ottawa, Department of Economics.
    • Handle: RePEc:ott:wpaper:2103e
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    More about this item

    Keywords

    COVID-19; coronavirus; employment; lockdowns.;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General

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