The economic impact of workforce disruptions on the output during COVID-19 pandemic
This paper examines the economic impact of workforce disruptions on the output, final demand and Gross Domestic Product by applying an extended input-output (I-O) model. In the extended I-O model, workforce disruptions are measured and modelled in two perspectives: loss of employment (LOE) and inter...
| Main Authors: | , , , |
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| Format: | Article |
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Penerbit UKM
2022
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| Online Access: | http://psasir.upm.edu.my/id/eprint/103494/ |
| _version_ | 1848864033200930816 |
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| author | Hamzah, Heizlyn Amyneina Saari, Mohd Yusof Abd Rahman, Muhammad Daaniyall Utit, Chakrin |
| author_facet | Hamzah, Heizlyn Amyneina Saari, Mohd Yusof Abd Rahman, Muhammad Daaniyall Utit, Chakrin |
| author_sort | Hamzah, Heizlyn Amyneina |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This paper examines the economic impact of workforce disruptions on the output, final demand and Gross Domestic Product by applying an extended input-output (I-O) model. In the extended I-O model, workforce disruptions are measured and modelled in two perspectives: loss of employment (LOE) and inter-industry disruptions that limit the number of workers in the production. Results show that the inter-industry disruption / supply shock is likely to give a tremendous impact compared to the LOE. Moreover, the level of economic impact is also influenced by the level of economic integration among sectors. In this regard, the more integrated a sector with the high-risk sectors, the more impacted the sector is. In conclusion, the results suggest the need for balancing the economic and health risks to ensure that the welfare of people is protected. |
| first_indexed | 2025-11-15T13:42:22Z |
| format | Article |
| id | upm-103494 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-15T13:42:22Z |
| publishDate | 2022 |
| publisher | Penerbit UKM |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1034942023-05-24T03:52:33Z http://psasir.upm.edu.my/id/eprint/103494/ The economic impact of workforce disruptions on the output during COVID-19 pandemic Hamzah, Heizlyn Amyneina Saari, Mohd Yusof Abd Rahman, Muhammad Daaniyall Utit, Chakrin This paper examines the economic impact of workforce disruptions on the output, final demand and Gross Domestic Product by applying an extended input-output (I-O) model. In the extended I-O model, workforce disruptions are measured and modelled in two perspectives: loss of employment (LOE) and inter-industry disruptions that limit the number of workers in the production. Results show that the inter-industry disruption / supply shock is likely to give a tremendous impact compared to the LOE. Moreover, the level of economic impact is also influenced by the level of economic integration among sectors. In this regard, the more integrated a sector with the high-risk sectors, the more impacted the sector is. In conclusion, the results suggest the need for balancing the economic and health risks to ensure that the welfare of people is protected. Penerbit UKM 2022 Article PeerReviewed Hamzah, Heizlyn Amyneina and Saari, Mohd Yusof and Abd Rahman, Muhammad Daaniyall and Utit, Chakrin (2022) The economic impact of workforce disruptions on the output during COVID-19 pandemic. Jurnal Ekonomi Malaysia, 56 (2). 65 - 75. ISSN 0127-1962; ESSN: 2716-6058 https://ideas.repec.org/a/ukm/jlekon/v56y2022i2p65-75.html 10.17576/JEM-2022-5602-5 |
| spellingShingle | Hamzah, Heizlyn Amyneina Saari, Mohd Yusof Abd Rahman, Muhammad Daaniyall Utit, Chakrin The economic impact of workforce disruptions on the output during COVID-19 pandemic |
| title | The economic impact of workforce disruptions on the output during COVID-19 pandemic |
| title_full | The economic impact of workforce disruptions on the output during COVID-19 pandemic |
| title_fullStr | The economic impact of workforce disruptions on the output during COVID-19 pandemic |
| title_full_unstemmed | The economic impact of workforce disruptions on the output during COVID-19 pandemic |
| title_short | The economic impact of workforce disruptions on the output during COVID-19 pandemic |
| title_sort | economic impact of workforce disruptions on the output during covid-19 pandemic |
| url | http://psasir.upm.edu.my/id/eprint/103494/ http://psasir.upm.edu.my/id/eprint/103494/ http://psasir.upm.edu.my/id/eprint/103494/ |