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|z 9781616356897
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|a 1018-5941
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|a Boranova, Vizhdan.
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|a Cars in Europe :
|b Supply Chains and Spillovers during COVID-19 Times /
|c Vizhdan Boranova, Raju Huidrom, Ezgi Ozturk, Ara Stepanyan.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2022.
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|a 1 online resource (42 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The auto sector is macro-critical in many European countries and constitutes one of the main supply chains in the region. Using a multi-sector and multi-country general equilibrium model, this paper presents a quantitative assessment of the impact of global pandemic-induced labor supply shocks-both directly and via supply chains-during the initial phase of the COVID-19 pandemic on the auto sector and aggregate activity in Europe. Our results suggest that these labor supply shocks would have a significant adverse impact on the major auto producers in Europe, with one-third of the decline in the value added of the car sector attributable to spillovers via supply chains within and across borders. Within borders, the pandemic-induced labor supply shocks in the services sector have a bigger adverse impact, reflecting their larger size and associated demand effects. Across borders, spillovers from the pandemic-induced labor supply shocks that originate in other European countries are larger than those that originate outside the region, though the latter are still sizable.
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|a Mode of access: Internet
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|a Auto Sector, Supply Chains and Spillovers
|2 imf
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| 650 |
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|a Auto Sector
|2 imf
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|a Car Sale
|2 imf
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|a Labor Supply Shocks
|2 imf
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|a Jordan
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|a Huidrom, Raju.
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|a Ozturk, Ezgi.
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|a Stepanyan, Ara.
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|a IMF Working Papers; Working Paper ;
|v No. 2022/006
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2022/006/001.2022.issue-006-en.xml
|z IMF e-Library
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