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The Impact of Covid-19 State Closure Orders on Consumer Spending, Employment, and Business Revenue
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2022
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Source: J Public Health Manag Pract. 28(1):43-49
[PDF-452.53 KB]
Details:
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Alternative Title:J Public Health Manag Pract
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Personal Author:
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Description:Context:
In response to the COVID-19 pandemic, states across the United States implemented various strategies to mitigate transmission of SARS-CoV-2 (the virus that causes COVID-19).
Objective:
To examine the effect of COVID-19–related state closures on consumer spending, business revenue, and employment, while controlling for changes in COVID-19 incidence and death.
Design:
The analysis estimated a difference-in-difference model, utilizing temporal and geographic variation in state closure orders to analyze their impact on the economy, while controlling for COVID-19 incidence and death.
Participants:
State-level data on economic outcomes from the Opportunity Insights data tracker and COVID-19 cases and death data from usafacts.org.
Interventions:
The mitigation strategy analyzed within this study was COVID-19–related state closure orders. Data on these orders were obtained from state government Web sites containing executive or administrative orders.
Main Outcome Measures:
Outcomes include state-level estimates of consumer spending, business revenue, and employment levels.
Results:
Analyses showed that although state closures led to a decrease in consumer spending, business revenue, and employment, they accounted for only a small portion of the observed decreases in these outcomes over the first wave of COVID-19.
Conclusions:
The impact of COVID-19 on economic activity likely reflects a combination of factors, in addition to state closures, such as individuals’ perceptions of risk related to COVID-19 incidence, which may play significant roles in impacting economic activity.
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Pubmed ID:34016904
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Pubmed Central ID:PMC8589864
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