Please use this identifier to cite or link to this item:
https://hdl.handle.net/1959.11/31389
Title: | COVID-19, The effect of lockdowns on retail expenditure and displacement effects on the regional economy | Contributor(s): | Dyason, David (author); Fieger, P (author) ; Rossouw, R (author) | Publication Date: | 2021-06 | Handle Link: | https://hdl.handle.net/1959.11/31389 | Abstract: | The COVID-19 pandemic is exerting ongoing economic effects on communities locally and globally. Government responses to the ongoing crisis range from mere social distancing recommendations to lockdowns. In New Zealand, a strict lockdown regime was implemented for a 7-week period during which public activity was restricted and shopping limited to the nearest supermarket or pharmacy. During this period, overall retail spending declined substantially. This study employs a multi-region input-output (MRIO) model to investigate the impact of this reduced activity from an urban population on the wider-regional economy. The results reveal that the change in consumer spending and displacement has spilled over into the adjacent economies resulted in a shift in the regional economic landscape. Moreover, our results suggest that the effects of withheld spending during the lockdown propagate unevenly across retail sectors and beyond administrative boundaries once lockdown is lifted. Although millions of dollars remain unspent, the accelerated pace of consumer spending after lockdown reveals a shift from previous large-scale global shocks. | Publication Type: | Journal Article | Source of Publication: | Australasian Journal of Regional Studies, 27(1), p. 66-87 | Publisher: | Australia and New Zealand Regional Science Association International Inc (ANZRSAI) | Place of Publication: | Australia | ISSN: | 1324-0935 1030-7923 |
Fields of Research (FoR) 2020: | 380118 Urban and regional economics | Socio-Economic Objective (SEO) 2020: | 150203 Economic growth | Peer Reviewed: | Yes | HERDC Category Description: | C1 Refereed Article in a Scholarly Journal | Publisher/associated links: | https://hdl.handle.net/10182/14091 https://www.anzrsai.org/publications/ajrs/ |
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Appears in Collections: | Journal Article UNE Business School |
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