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The Impact of SARS-CoV-2 on Economic Activity of Mexico in 2020

*Corresponding author for this work
Research Output:
Capítulo del libro/informe/acta de congreso
Capítulo

Publication Information

Tipo de resultado

Research Output:
Capítulo del libro/informe/acta de congreso
Capítulo

Subtítulo de publicación principal

Impact and Development in Latin America

Idioma original

Inglés

Páginas desde-hasta (Número de páginas)

Páginas 1-15 (15 páginas)

Hitos de publicación

  • Publicada - 2021

Estado de publicación

Publicada - 2021

Editorial

Springer Nature
9789811626128

ISBN (electrónico)

9789811626135

Publication IDs

  • Scopus: 85163516785

Título de publicación principal

The Future of Companies in the Face of a New Reality

Abstract

In this document, the economic effect of Covid-19 on the economic activity of Mexico in 2020 is quantified, separating the impact of the trend that has been observed in recent years. The procedure used is an ARIMA model with an intervention that incorporates the NIG probability distribution, where it is found that the explained variance of the seasonally adjusted time series of the IGAE due to Covid-19 is 44.20% and due to the administration on duty 18.89%. These two estimates quantify that Covid-19 came to aggravate the recessionary economic situation that existed since 2019.