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1.
Earth's Future ; 11(5), 2023.
Article in English | Scopus | ID: covidwho-20236293

ABSTRACT

The socioeconomic disruption of COVID-19 has strong implications for water management. However, it remains unclear how water use related to urban and rural household consumption responded to the outbreak. Taking 15 provincial regions in China for a case study, we quantified the variations of consumption-based household water footprint induced by the first outbreak of the pandemic and tracked the responsive changes of interregional virtual water flows and control relationships. We found in many regions, the most drastic change occurred only a quarter after the major outbreak, when the average water footprint of urban and rural households decreased by 13% and 9%, respectively. This indicates the presence of a hysteretic effect of disruption to household expenditures. With the subsequent recovery of household consumption, the water footprints in many regions rebounded and even surpassed the historical values. Guangdong had a fast rebound in its net virtual water inflow related to urban households because of the fast recovery of its manufacturing and services activities. The pandemic-related water footprint dynamics suggest not only the necessity of timely managing supply chains to prevent shortage of water and water-intensive products, but also the importance of fostering consumption adjustments for conserving water in a post-pandemic era. © 2023 The Authors. Earth's Future published by Wiley Periodicals LLC on behalf of American Geophysical Union.

2.
Iranian Journal of Epidemiology ; 18(2), 2022.
Article in Persian | CAB Abstracts | ID: covidwho-20232570

ABSTRACT

Background and Objectives: Faster than expected, the COVID-19 disease changed people's lives on an unprecedented scale. The present research aimed to shed light on the economic challenges of the pandemic and the efforts made concerning economic resilience. Thus, this study delved into the experience of families residing in a suburban town. Methods: The present study was qualitative in type. It used a qualitative content analysis with a guided approach conducted through 17 in-depth semi-structured individual interviews with subjects over 15 years of age living in Tawheed Gonabad town. These subjects had lived in the area for at least three years. The interviews were held and audio-recorded in a purposive sampling method after gaining informed consent from the participants in the spring of 2021. In order to estimate the validity of the data, Lincoln and Goba's criteria were used. Results: The economic resilience of families during the pandemic was marked by three main categories and nine sub-categories. The categories were: (1) changes to the economic dimension of the family (the sub-categories: employment, income, consumption and socioeconomic status), (2) solutions to the economic changes of the family (sub-categories: reliance on internal resources, family and receiving support from outside of the family), and (3) the effectiveness of economic resilience of families at higher levels (sub-categories: macroeconomics, family social capital and regional resilience). As more detailed results showed, the pandemic has caused a decrease in the income and consumption of essential items in quantity and quality and imposed excessive costs on the target community. The dominant solution to economic problems has been changing consumer's behavior and income diversification. The lack of supportive plans, poor social networks and the identity of the neighborhood are the significant barriers to the increase of economic resilience. Conclusion: The families investigated in the present study were vulnerable in many ways and had low economic resilience. In order to improve the families' level of economic resilience, it is necessary to know the context and carry out interventions and support plans based on the families' internal and external capacities, including the neighborhood's empowering conditions.

3.
International Journal of Social Economics ; 50(2):304-319, 2023.
Article in English | Scopus | ID: covidwho-2238345

ABSTRACT

Purpose: This study analyzes the dynamic impact of the COVID-19 pandemic on consumption among Ghanaian households, by identifying the existing consumption inequalities in the households according to the different age categories of the household head and changes in consumption patterns among the household constituents. In particular, the study examines the effects of the coronavirus pandemic (COVID-19) on household consumption and the differing impact on the different age categories of the household. Design/methodology/approach: The research methodology of the study is based on the input–output analysis of the Ghanaian economy during the years 2015 and 2021 by using data on household consumption disaggregated by age. Economic impact is estimated through multi-sector modeling, specifically a demand model expressed based on a money metric measure valued in Ghanaian cedis. This model allows us to obtain the direct impact of the COVID-19 pandemic on the manufacturing sector, professional, scientific and technical activities, Water supply, sewerage, and waste management within Ghanaian households. The model also observed a negative impact of the COVID-19 pandemic on the public sector works and defense, and SSNIT sectors of the Ghanaian economy. Findings: The findings of the study revealed that for the category of age group between the ages of 15–29 years, the consumption of manufacturing products experienced an increase of 6.20% whiles that of electricity consumption, air conditioning and heating reduced by 2.26% for the period under consideration. However, public sector works and defense, and SSNIT experienced a decline by 8.24%. For the age group between 30 and 45 years, the highest and most positive percentage change in household consumption was noted to be professional, scientific and technical activities (6.20%), Water supply, sewerage, waste management (5.98%), as well as manufacturing (5.65%). However, there was a decline in the consumption level of education by Ghanaian households during the lockdown especially among people within the age group of 46–65 years. There was a decline of 6.11% for the administrative and support services and there was also a decline the services of defense and SSNIT service consumption by 2.10%. For the final age group of 66 years and above, there was an increase of 6.94% in the consumption of such essential utilities in Ghana between 2015 and 2021. The demand for education however showed a drastic reduction of 8.1% over the study period due to this category of age group with majority of them retiring from work. Research limitations/implications: The findings from this study will help in understanding the effects caused by the pandemic on household consumption and the differing impact on different age category of the household, especially on young households. This can potentially shape future policy by especially helping policymakers to device a more targeted social safety-net policies not only to speed-up recovery, but also to mitigate the negative impact of any future outbreak of a pandemic on household consumption and limit the age gaps in consumptions. However, the study does not consider the income levels of the different age groups. This becomes a limitation of the study and can be further explored in future studies. Originality/value: This study measures the impact of a global health pandemic on the consumption of all households, with its accompanying impact of this variation. It can be noted that analyzing household consumption and quantifying the positive and negative impact on different age category of the household and the different sectors of the Ghanaian economy add to the limited knowledge of the impact of the COVID-19 pandemic at the household level. © 2022, Emerald Publishing Limited.

4.
8th International Food Operations and Processing Simulation Workshop, FoodOPS 2022 ; 2022.
Article in English | Scopus | ID: covidwho-2156279

ABSTRACT

Nowadays, an average of 2 kg of waste per person are generated in Spain. Furthermore, the household consumption is rising and, as a consequence, the waste production is also increasing. This trend presents a direct impact in the environment. Moreover, after two years of COVID-19 pandemic, it has been detected a stronger rise in consumption per person, while consumption through professional commercial channels for hospitality industry has been lower. This paper analizes the waste generation and product shrinkage in a potato bagging plant, which addresses its production to both final consumers and retailers. The raw materials washing line, as well as the production line, are taken into consideration in the analysis, while new uses to the produced waste are proposed, aiming at providing new useful life, such as the production of bioplastics or the production of biodiesel. As a consequence, the environment impact is minimized and new products are obtained. © 2022 The Authors.

5.
International Journal of Social Economics ; 2022.
Article in English | Web of Science | ID: covidwho-2070219

ABSTRACT

Purpose This study analyzes the dynamic impact of the COVID-19 pandemic on consumption among Ghanaian households, by identifying the existing consumption inequalities in the households according to the different age categories of the household head and changes in consumption patterns among the household constituents. In particular, the study examines the effects of the coronavirus pandemic (COVID-19) on household consumption and the differing impact on the different age categories of the household. Design/methodology/approach The research methodology of the study is based on the input-output analysis of the Ghanaian economy during the years 2015 and 2021 by using data on household consumption disaggregated by age. Economic impact is estimated through multi-sector modeling, specifically a demand model expressed based on a money metric measure valued in Ghanaian cedis. This model allows us to obtain the direct impact of the COVID-19 pandemic on the manufacturing sector, professional, scientific and technical activities, Water supply, sewerage, and waste management within Ghanaian households. The model also observed a negative impact of the COVID-19 pandemic on the public sector works and defense, and SSNIT sectors of the Ghanaian economy. Findings The findings of the study revealed that for the category of age group between the ages of 15-29 years, the consumption of manufacturing products experienced an increase of 6.20% whiles that of electricity consumption, air conditioning and heating reduced by 2.26% for the period under consideration. However, public sector works and defense, and SSNIT experienced a decline by 8.24%. For the age group between 30 and 45 years, the highest and most positive percentage change in household consumption was noted to be professional, scientific and technical activities (6.20%), Water supply, sewerage, waste management (5.98%), as well as manufacturing (5.65%). However, there was a decline in the consumption level of education by Ghanaian households during the lockdown especially among people within the age group of 46-65 years. There was a decline of 6.11% for the administrative and support services and there was also a decline the services of defense and SSNIT service consumption by 2.10%. For the final age group of 66 years and above, there was an increase of 6.94% in the consumption of such essential utilities in Ghana between 2015 and 2021. The demand for education however showed a drastic reduction of 8.1% over the study period due to this category of age group with majority of them retiring from work. Research limitations/implications The findings from this study will help in understanding the effects caused by the pandemic on household consumption and the differing impact on different age category of the household, especially on young households. This can potentially shape future policy by especially helping policymakers to device a more targeted social safety-net policies not only to speed-up recovery, but also to mitigate the negative impact of any future outbreak of a pandemic on household consumption and limit the age gaps in consumptions. However, the study does not consider the income levels of the different age groups. This becomes a limitation of the study and can be further explored in future studies. Originality/value This study measures the impact of a global health pandemic on the consumption of all households, with its accompanying impact of this variation. It can be noted that analyzing household consumption and quantifying the positive and negative impact on different age category of the household and the different sectors of the Ghanaian economy add to the limited knowledge of the impact of the COVID-19 pandemic at the household level.

6.
Working Paper - Groupe de Recherche en Economie et Developpement International (GREDI) 2020. (20-10):34 pp. 30 ref. ; 2020.
Article in French | CAB Abstracts | ID: covidwho-2045283

ABSTRACT

We examine the effects of fiscal policy on the Quebec territory using data from Q1-1981 to Q1-2020. To do so, we estimate VAR models and extract government spending shocks according to the sign restriction method proposed by Uhlig (2005). The impulse responses of real GDP, household consumption, private non-residential investment, and the household confidence index to a temporary and positive government spending shock are all significantly positive in the short run. We find high multipliers for total government spending shocks-they are above 2 in the short run, while government investment spending is above 3.5 and shows greater persistence. The possible consequences of the pandemic and the stimulus package on Quebec's debt trajectory complete the analysis. Lastly, government investment spending is the best way to get the economy going and even lower the debt ratio to meet the goals for 2026.

7.
WIDER Working Papers 2021. (94):34 pp. 44 ref. ; 2021.
Article in English | CAB Abstracts | ID: covidwho-1965131

ABSTRACT

This study assesses the impact of the COVID-19 pandemic and the state of emergency implemented by the Government of Mozambique on household consumption poverty. To predict changes in income and the associated effects on poverty and inequality, we rely on macroeconomic impacts estimated by Betho et al. (2021) using a social accounting multiplier model. We assume two main impact channels are at work leading to higher consumption poverty: direct income/wage and employment losses. To estimate the direct income/wage losses, we use the information from Betho et al. (2021) on the impact on wages, on gross domestic product by industry, and on household income;to estimate the employment losses, we use the information on the impact on employment from Betho et al. (2021). The two impact channels are then combined to assess the final impact on consumption and poverty. Our simulations suggest that consumption decreased by between 7.1 and 14.4 per cent, and that poverty increased by between 4.3 and 9.9 percentage points in 2020, depending on the specification. This corresponds to about 2 million people entering poverty in less than a year and to a reversal of the positive poverty reduction trend observed during the period 2008/09-2014/15. While the COVID-19 shock affected urban areas the most, our results indicate that rural areas experienced a higher increase in poverty rates due to the already low levels of consumption. Poverty most certainly increased in the pre-COVID 2015-20 period due to other shocks, so Mozambique finds itself in an intense and deepening struggle against poverty.

8.
Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice ; 42(6):1544-1559, 2022.
Article in Chinese | Scopus | ID: covidwho-1924683

ABSTRACT

This paper studies the causes of household liquidity constraints in China, the inhibiting impact of liquidity constraints on aggregate demand, and the amplifying effect of liquidity constraints on the negative impact of the COVID-19 pandemic. Using the China family panel studies (CFPS) 2010-2018 and Internet survey data during the pandemic, we analyze the impact of the "income effect" caused by income decline and the "debt overhang effect" caused by real estate boom on household liquidity constraints. Furthermore, we also explore the amplifying effect of liquidity constraints on negative demand shocks during the pandemic. We find that, liquidity of Chinese households had been gradually deteriorating before the pandemic, specially, from 2010 to 2018, the ratio of China's households who were subject to liquidity constraint was increasing from 24.37% to 35.31%. For the middle-income class, compared with the "income effect", the "debt overhang effect" is more significant, and is the main driver of making households possibly subject to liquidity constraints. Meanwhile, liquidity constraints significantly affect consumption, compared with households without liquidity constraints, households with liquidity constraints decrease their consumption by 6.9%. To the amplifying effect of liquidity constraints on the impact of pandemic, we find that, compared with homeowners without mortgage, homeowners with mortgage and households without housing both reduced more consumption, saved more, are also more likely to fall into liquidity constraints, and more conservative on consumption in the second half of 2020. This paper not only provides a new explanation for the sluggish consumption in China, but also provides a basis for demand-side reform. © 2022, Editorial Board of Journal of Systems Engineering Society of China. All right reserved.

9.
Circular Tecnica - Embrapa Gado de Leite 2021. (126):24 pp. ; 2021.
Article in Portuguese | CAB Abstracts | ID: covidwho-1918943

ABSTRACT

Embrapa Gado de Leite/Centro de Inteligencia do Leite carried out a survey to assess the behaviour of Brazilian consumers of milk and dairy products during the Covid-19 pandemic, considering household consumption. It was shown that long-life milk was not the most important dairy product in the Brazilian shopping basket. Despite being present in more than 90% of Brazilian homes, other dairy products, especially cheeses, are gaining consumer preference. Data from market consultants showed that this sales channel had the highest growth during the first months of the pandemic. The majority of survey respondents said they maintained or even increased the consumption of dairy products. Data from consulting market confirmed the survey results, reporting increases in sale of dairy products during the first half of 2020. The survey results also showed consumption patterns by income classes and regions of Brazil, showing the complexity of the national dairy market. In the case of income, the higher percentage of consumption stability in the lower income classes was high. Regarding the most important factor at the time of purchase of dairy products, the price was more considered by the higher income classes, and low prices and the brand by higher-income consumers. In the case of regions, differences were also evidenced in the maintenance of consumption of products, with powdered milk having a higher percentage of stability in the northeast and north, as well as the importance of price and brand in the purchase decision, in which the price prevailed more in the northeast than in other regions. In conclusion, income, rather than price, is the determining factor of dairy consumption in Brazil.

10.
Front Public Health ; 10: 810488, 2022.
Article in English | MEDLINE | ID: covidwho-1887144

ABSTRACT

Background: The COVID-19 pandemic influences various aspects of society, especially for people with low socioeconomic status. Health education has been proven to be a critical strategy in preventing a pandemic. However, socioeconomic characteristics may limit health education among low socioeconomic status groups. This study explores consumption-related health education inequality and the factors that contribute to this, which are variable across China during COVID-19. Methods: The 2020 China COVID-19 Survey is a cross-sectional study in China, based on an anonymous online survey from 7,715 samples in 85 cities. It employed machine-learning methods to assess household consumption and other contributing variates associated with health education during the pandemic. Concentration Index (CI) and Horizontal Index (HI) were used to measure consumption-related inequalities in health education, respectively. Moreover, Wagstaff decomposition analysis was employed to identify other contributing variables to health education inequality. Results: The result indicates that participants with more education, better income, and positive consumption preferences undertake higher health education during COVID-19. The CI and HI of consumption-health education inequality are 0.0321 (P < 0.001) and 0.0416 (p < 0.001), respectively, which indicates that health education is concentrated in wealthy groups. We adapted Lasso regression to solve issues and omit variables. In terms of other socioeconomic characteristics, Annual Income was also a major contributor to health education inequalities, accounting for 27.1% (P < 0.001). The empirical results also suggests that education, health status, identification residence, and medical health insurance contribute to health education inequality. Conclusions: The difference in Household consumption, annual income, rural and urban disparity, and private healthcare insurance are critical drivers of health education inequality. The government should pay more attention to promoting health education, and healthcare subside policy among vulnerable people. Significantly to improve awareness of undertaking health education with lower education, rural residential, to enhance confidence in economic recovery and life after COVID-19.


Subject(s)
COVID-19 , COVID-19/epidemiology , China/epidemiology , Cross-Sectional Studies , Health Education , Humans , Pandemics , Socioeconomic Factors
11.
Natural Volatiles & Essential Oils ; 8(4):8234-8240, 2021.
Article in English | CAB Abstracts | ID: covidwho-1864072

ABSTRACT

Economic problems have accelerated after the government announced Covid- lockdown as early as in march 2020. Unemployment among urban middle class families is on rise;more than 1.8 crore salaried jobs in the country were lost during the ongoing pandemic. Economic disruption has resulted in a sharp decrease in job numbers this year;stolen a minimum of three to six months salaries almost across all industries. Salaried jobs have been preferred due to better job security and regular income. The middle class and lower middle class represent nearly 60% of the total number of households in India and contribute around 70% share in consumer spending. In the present deeply troubled situation, Chennai's middle-income families are devastated and find themselves in a limbo. Nothing works for this group which can otherwise hike demand or push spending. Trim the Foot to fit the Shoe. Out-of-home activities declined and the consumption pattern changed. Any failure of expense -control efforts will weaken the relations in the middle class families and affect the very family system in long run. After all, conviction is always not a matter of convenience. The present study attempts to study conditions of Chennai's middle class households and gauge the efforts to bridge the gap between income and expenditure of the family during covid pandemic.

12.
International Journal of Vegetable Science ; : 1-14, 2022.
Article in English | Academic Search Complete | ID: covidwho-1830848

ABSTRACT

Consumption of roots and tubers (R&Ts) among urban households can be low. Understanding factors influencing consumption decisions for R&Ts is important in enhancing their utilization. This study assessed determinants of consumer preference for selected R&Ts using a multivariate Probit model. A stratified multistage sampling technique was adopted to select 385 respondents, and data collected using a pretested semi-structured questionnaire. Irish potatoes (Solanum tuberosum L.) had the highest preference level (70%), followed by sweet potatoes (Ipomoea batatas L. Lam.) at 61%. Arrowroot (Maranta arundinacea L.) had a preference of 42%. Cassava (Manihot esculenta Crantz) and yams (Dioscorea alata L.) were the least preferred at 22% each. Education, monthly income, cultural orientation, nutritional knowledge, Covid-19 pandemic, market distance, farming of R&Ts, retail prices, production location, availability of R&Ts, size, quality, taste, and preparation time influenced preferences for R&Ts by urban households. Inadequate time to prepare R&T meals at home and availability of conveniently prepared alternatives likely explains their low preference by urban residents. [ FROM AUTHOR] Copyright of International Journal of Vegetable Science is the property of Taylor & Francis Ltd 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.)

13.
5th International Conference on Crowd Science and Engineering, ICCSE 2021 ; : 155-159, 2021.
Article in English | Scopus | ID: covidwho-1774998

ABSTRACT

The outbreak of Covid-19 has posed severe negative impact on household consumption. This paper investigates the boosting effect of online retailing on household consumption during the epidemic period. Based on the data of Anhui Province in China, this paper show that during the epidemic period, every 1% increase in the growth rate of online retail sales could increase the proportion of total retail sales of consumer goods above the quota in GDP by 4.27%. Therefore, we provide reliable empirical evidence of promoting consumer consumption through the development of online retail under the normalization of the epidemic situation. © 2021 ACM.

14.
China Rural Economy ; 7(36), 2021.
Article in Chinese | CAB Abstracts | ID: covidwho-1628305

ABSTRACT

Chinese rural families are facing serious mobility constraints. The impact of COVID-19 pandemic further aggravates farmers' mobility dilemma, which seriously restricts the expansion of rural household consumption. It is of great theoretical value and practical significance to take reasonable and effective measures to alleviate farmers' mobility constraints. Based on the data of China Family Panel Studies (CFPS) from 2014 to 2018, this article empirically examines the impact of labor migration on farmers' mobility constraints. The study finds that, labor migration significantly alleviates farmers' mobility constraints, and this basic conclusion remains robust after the definition of mobility constraints is changed, relaxing the exclusive constraints of instrumental variables and using the propensity score matching method. Further analysis shows that labor migration has a greater easing effect on the mobility constraints of farmers with low social networks, and it reduces the polarization caused by social network inequality such as clan network, endowment of parents, external identity, social and economic status gap. Heterogeneity analysis shows that labor migration has a more significant easing effect on the mobility constraints of middle-aged families, low human capital families and families in north region. This study proposes a new idea to solve the problem of farmers' mobility constraints and provides a new perspective to reduce the internal economic inequality within rural areas and a reference for the formulation of relevant policy-making.

15.
Socioecon Plann Sci ; 82: 101095, 2022 Aug.
Article in English | MEDLINE | ID: covidwho-1267923

ABSTRACT

Food waste represents a multi-sectoral issue and influences the economy, society and environment. Considering that over 50% of food waste is generated from household consumption, the issue has been included among the 17 Sustainable Development Goals, with the aim of halving its quantity by 2030. However, the COVID-19 pandemic imposed several variations in the agri-food industry in terms of food manufacturing, storage and distribution, changing at the same time food access, food consumption and food waste behavior. The present paper, through an online-based questionnaire among 831 respondents from Italy and the application of the cumulative logit model, investigates consumer behavior after the lockdown with reference to unpredictable lifestyles, improvements in smart food delivery and never-experienced time management. Results illustrate that always-at-home consumers (forced to stay at home 24 h a day) are more likely to perceive food waste and reduce its amount, whereas discontinuous smart working makes food purchase, preparation and consumption activities even more stressful and complex. Furthermore, smart food delivery tends to increase consumers' awareness of meals, improving buying decisions and indirectly reducing food waste generation. The unjustifiable prevalence of household food waste represents a major barrier to the achievement of food security, health insurance and hunger reduction, but also the most promising entry point to stress in the achievement of private and public benefits. Thus, the active role of education among young generations must be enhanced.

16.
Front Public Health ; 8: 615344, 2020.
Article in English | MEDLINE | ID: covidwho-983749

ABSTRACT

The COVID-19 pandemic has affected various macroeconomic indicators. Given this backdrop, this research investigates the effects of the pandemics-related uncertainty on household consumption. For this purpose, we construct a simple theoretical model to study the effects of the pandemics-related uncertainty on household consumption. To estimate the theoretical model, we consider the panel dataset of 138 countries for the period from 1996 to 2017. We also use the Pandemic Uncertainty Index to measure the pandemics-related uncertainty. The theoretical model and the empirical findings from the Feasible Generalized Least Squares (FGLS) estimations indicate that the gross fixed capital formation, government consumption, balance of trade, and the Pandemic Uncertainty Index negatively affect household consumption. The results are also valid in the panel dataset of 42 high-income economies and the remaining 96 emerging economies.


Subject(s)
COVID-19/economics , COVID-19/psychology , Family Characteristics , Gross Domestic Product/statistics & numerical data , Pandemics/economics , Pandemics/statistics & numerical data , Uncertainty , Humans , Models, Econometric , SARS-CoV-2
17.
Econ Disaster Clim Chang ; 4(3): 453-479, 2020.
Article in English | MEDLINE | ID: covidwho-671028

ABSTRACT

The COVID-19 pandemic has caused a massive economic shock across the world due to business interruptions and shutdowns from social-distancing measures. To evaluate the socio-economic impact of COVID-19 on individuals, a micro-economic model is developed to estimate the direct impact of distancing on household income, savings, consumption, and poverty. The model assumes two periods: a crisis period during which some individuals experience a drop in income and can use their savings to maintain consumption; and a recovery period, when households save to replenish their depleted savings to pre-crisis level. The San Francisco Bay Area is used as a case study, and the impacts of a lockdown are quantified, accounting for the effects of unemployment insurance (UI) and the CARES Act federal stimulus. Assuming a shelter-in-place period of three months, the poverty rate would temporarily increase from 17.1% to 25.9% in the Bay Area in the absence of social protection, and the lowest income earners would suffer the most in relative terms. If fully implemented, the combination of UI and CARES could keep the increase in poverty close to zero, and reduce the average recovery time, for individuals who suffer an income loss, from 11.8 to 6.7 months. However, the severity of the economic impact is spatially heterogeneous, and certain communities are more affected than the average and could take more than a year to recover. Overall, this model is a first step in quantifying the household-level impacts of COVID-19 at a regional scale. This study can be extended to explore the impact of indirect macroeconomic effects, the role of uncertainty in households' decision-making and the potential effect of simultaneous exogenous shocks (e.g., natural disasters).

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