Research on the Fluctuation Characteristics of China’s Urban Economy Under the Control of Novel Coronavirus Pneumonia (COVID-19)

DOI

10.2991/assehr.k.211215.063How to use a DOI?

Keywords

Novel coronavirus pneumonia (COVID-19); Pandemic control; Urban economy; Population mobility

Abstract

The novel coronavirus pneumonia characterized by affecting widely and spreading quickly brings a significant impact on the economy in China. In order to avoid a substantial economic downturn, we should pay attention to its shock on economic activities as well as controlling the pandemic effectively. Based on the big data at city level, we use a combination model composed of difference-in-difference method and event study method to measure and evaluate the impact of the novel coronavirus pneumonia on urban economic activity quantitatively and scientifically. The main conclusions are as follows. The pandemic of the novel coronavirus pneumonia significantly restrains economic activities in cities, causing that the overall intensity of economic activity in cities across the country during the two weeks after Spring Festival in 2020 are decreased by 48.4% compared to the same period in 2019, and the negative effects of the pandemic on economic activity are more prominent in cities with large population migration before the Spring Festival and high dependence on migrant workers.

Copyright

© 2021 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Aili Du
AU  - Lei Wang
PY  - 2021
DA  - 2021/12/15
TI  - Research on the Fluctuation Characteristics of China’s Urban Economy Under the Control of Novel Coronavirus Pneumonia (COVID-19)
BT  - Proceedings of the 7th Annual International Conference on Social Science and Contemporary Humanity Development (SSCHD 2021)
PB  - Atlantis Press
SP  - 343
EP  - 348
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.211215.063
DO  - 10.2991/assehr.k.211215.063
ID  - Du2021
ER  -