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- ISIDORE Id: 10670/1.c90dd0...
- halshs: halshs-02515364
info:eu-repo/semantics/OpenAccess
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Itineraries Travels Travel restrictions Journeys Voyages Added value Standard of value Travel restrictions--Law and legislation Aliens--Travel restrictions Restricted to aliens Areas restricted to aliens Off-limits areas Areas closed to aliens Frenchmen (French people)Citer ce document
Elie Gerschel et al., « Propagation of shocks in global value chains: the coronavirus case », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.c90dd0...
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Before spreading globally, the Covid-19 epidemic was concentrated in the Hubei province. To contain the spread of the virus, the Chinese government has imposed quarantine measures and travel restrictions, entailing the slowdown of economic activity. We study the propagation of this geographically concentrated productivity slowdown to the global economy, through global value chains. Reliance on Chinese inputs has dramatically increased since the early 2000s. As a consequence, most countries are exposed to the Chinese productivity slowdown, both directly through their imports of Chinese inputs and indirectly, through other inputs themselves produced with some Chinese value added. This note aims at quantifying the total exposure of France compared to other countries. First, we compute the share of Chinese value added in French production. Then, we use data at the country and sector levels to quantify the impact of travel restrictions on French GDP.
