Analysis of Industrial Response Mechanism of COVID-19 Risk Impact
Run Chai, Xiaolin Li
Available Online 12 April 2021.
- https://doi.org/10.2991/aebmr.k.210409.002How to use a DOI?
- COVID-19 risk impact, Industry response, Influence mechanism
- In January 2020, COVID-19 suddenly broke out, then Wuhan province had to be isolated and people had to observe home quarantine in China. The epidemic led to instantaneous closure of the business catering, entertainment, tourism and other service industries. Most of the traffic was interrupted, enterprises were shut down, and economic activities almost stopped. This paper uses grey prediction and event analysis to establish a model and finds that, (1) in the short term, the response sequence of among related industries is service industry, industrial and commercial enterprises, and then agriculture. (2) the general industry will tend to balance for a long time, and the impact is not big. (3) the epidemic exposed the weakness of emergency management and rapid response mechanism in megacities. Therefore, the government should initiated emergency response, and use the strategic resources reserve to ensure that economic and social resources are tilted to the normal production and operation of the epidemic related industries. Through fiscal and monetary counter-cyclical regulation, the government supports the classified management of various industries and the gradual resumption of production, supports the replacement and upgrading of high-tech industries over traditional industries, and reduces the impact of the overall economy caused by industrial emergency imbalance.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Run Chai AU - Xiaolin Li PY - 2021 DA - 2021/04/12 TI - Analysis of Industrial Response Mechanism of COVID-19 Risk Impact BT - Proceedings of the 9th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2020) PB - Atlantis Press SP - 15 EP - 20 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.210409.002 DO - https://doi.org/10.2991/aebmr.k.210409.002 ID - Chai2021 ER -