On the employment and health impact of the COVID-19 shock on Italian regions: a value chain approach
Tommaso Ferraresi (IRPET); Leonardo Ghezzi (IRPET); Fabio Vanni (Department of Economics, University of Insubria and Sciences Po, OFCE); Alessandro Caiani (Scuola Universitaria Superiore Pavia (IUSS), Classe Scienze Tecnologie e Società, Research Centre on Climate change impAct studies for RISk MAnagement); Mattia Guerini (Dipartimento di Economia e Management, Università degli Studi di Brescia, Fondazione Eni Enrico Mattei, GREDEG-CNRS Université Côte d’Azur and Institute of Economics, Scuola Superiore Sant’Anna); Francesco Lamperti (Scuola Superiore Sant’Anna, Institute of Economics and EMbeDS, RFF-CMCC European Institute on Economics and the Environment); Severin Reissl (Scuola Universitaria Superiore Pavia, Classe Scienze Tecnologie e Società, Research Centre on Climate change impAct studies for RISk MAnagement); Giorgio Fagiolo (Scuola Superiore Sant’Anna, Institute of Economics and EMbeDS); Mauro Napoletano (University of Brescia, Sciences Po OFCE and Institute of Economics, Scuola Superiore Sant’Anna); Andrea Roventini (Sciences Po, OFCE, Scuola Superiore Sant’Anna, Institute of Economics and EMbeDS)
COVID-19 lockdown, value chains, input-output models, contagion risk, remote working
Taylor & Francis Online
We evaluate the exposure of Italian regions to employment and the health risk associated with the spread of COVID-19. First, we estimate the degree of participation of Italian regions in a plurality of value chains linked to consumption, investment and exports. Second, we investigate the different levels of contagion risk associated with each value chain and the possibility of reducing such risk through remote work. We find that regions are affected differently by lockdown policies because of their highly heterogeneous embeddedness in different value chains, and their diverse sectoral contributions to each of them.