ABSTRACT
The objective of this article is to quantify the negative relationship between economic activity and COVID-19 containment through the implementation of nonpharmaceutical interventions in Paraguay. The article calibrates the model developed by Eichenbaum, Rebelo, and Trabandt using data from Paraguay. It uses the model to simulate the trajectory of economic activity, considering three different infection scenarios. The first is a flexibilization of the nonpharmaceutical intervention measures that are still in force. The second studies the economic impact of containing an acceleration of the infection. The third analyzes a reduction in infection and its effect on the economy. These case studies allow for an approximation of the economic cost of containing the infection. (English) [ FROM AUTHOR] El objetivo de este trabajo es cuantificar la relación negativa entre actividad económica y la contención de la COVID-19 mediante la implementación de intervenciones no farmacéuticas en Paraguay. Para esto, calibramos el modelo desarrollado por Eichenbaum, Rebelo y Trabandt con datos de Paraguay. Utilizamos el modelo para simular la trayectoria de la actividad económica, dados distintos escenarios de infección. Consideramos tres casos de estudio. En el primero, consideramos una flexibilizaci ón de las medidas de intervención no farmacéuticas aún vigentes. En el segundo, estudiamos el impacto económico de contener una aceleración de la infección. En el tercer caso, analizamos una reducción de la infección y su efecto en la economía. Mediante el estudio de estos casos obtenemos una aproximación del costo económico de contener la infección. (Spanish) [ FROM AUTHOR] Copyright of Latin American Research Review is the property of Latin American Studies Association and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full . (Copyright applies to all s.)
ABSTRACT
El objetivo de este trabajo es cuantificar la relaci ón negativa entre actividad económica y la contencíon de la COVID-19 mediante la implementacíon de intervenciones no farmacéuticas en Paraguay. Para esto, calibramos el modelo desarrollado por Eichenbaum, Rebelo y Trabandt con datos de Paraguay. Utilizamos el modelo para simular la trayectoria de la actividad económica, dados distintos escenarios de infeccíon. Consideramos tres casos de estudio. En el primero, consideramos una flexibilizaci ón de las medidas de intervencíon no farmacéuticas aún vigentes. En el segundo, estudiamos el impacto económico de contener una aceleracíon de la infeccíon. En el tercer caso, analizamos una reduccíon de la infeccíon y su efecto en la economía. Mediante el estudio de estos casos obtenemos una aproximacíon del costo económico de contener la infeccíon.Alternate :The objective of this article is to quantify the negative relationship between economic activity and COVID-19 containment through the implementation of nonpharmaceutical interventions in Paraguay. The article calibrates the model developed by Eichenbaum, Rebelo, and Trabandt using data from Paraguay. It uses the model to simulate the trajectory of economic activity, considering three different infection scenarios. The first is a flexibilization of the nonpharmaceutical intervention measures that are still in force. The second studies the economic impact of containing an acceleration of the infection. The third analyzes a reduction in infection and its effect on the economy. These case studies allow for an approximation of the economic cost of containing the infection.
ABSTRACT
The objective of this article is to quantify the negative relationship between economic activity and COVID-19 containment through the implementation of nonpharmaceutical interventions in Paraguay. The article calibrates the model developed by Eichenbaum, Rebelo, and Trabandt using data from Paraguay. It uses the model to simulate the trajectory of economic activity, considering three different infection scenarios. The first is a flexibilization of the nonpharmaceutical intervention measures that are still in force. The second studies the economic impact of containing an acceleration of the infection. The third analyzes a reduction in infection and its effect on the economy. These case studies allow for an approximation of the economic cost of containing the infection.