A Mexican State-level Perspective on Covid-19 and its Economic Fallout
IMF Working Papers, October 13, 2020
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- A Mexican State-level Perspective on Covid-19 and its Economic Fallout
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Bibliographic details
- Authors: Juan Pablo Cuesta Aguirre, Swarnali A Hannan
- Published: October 13, 2020
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781513559025.001
Overview
- Study uses data on Mexico’s thirty-two states to analyze relationships between health and economic outcomes during the Covid-19 pandemic.
- Central questions: Did states with worse pandemic outcomes suffer more economically? What state-level characteristics impacted health and economic outcomes?
Key health findings
- Individual traits such as age and certain pre-existing conditions were associated with higher illness and fatality risks.
- States with higher initial health expenditure and capacity on average had a lower case fatality rate.
Key economic findings
- Mexico experienced one of the highest death tolls from Covid-19 and among the largest declines in output compared to peers.
- The economic fallout was widespread and extended well beyond the direct impact of the pandemic.
- Tourism-heavy states were particularly badly affected.
- States with larger exposures to manufacturing exports performed better.
Policy implications and recommendations
- Support the case for adequate health spending.
- Provide fiscal lifelines for hard-hit workers and sectors.
- Promote further integration into global value chains to bolster economic outcomes and resilience.
Publication and metadata
- Authors: Juan Pablo Cuesta Aguirre, Swarnali A Hannan
- Date: October 13, 2020
- Series: Working Paper No. 2020/214
- Issue: 214
- Volume: 2020
- Pages: 39
- DOI: https://doi.org/10.5089/9781513559025.001
- Stock No: WPIEA2020214
- ISBN: 9781513559025
- ISSN: 1018-5941
Source: IMF Working Papers landing page for "A Mexican State-level Perspective on Covid-19 and its Economic Fallout".
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