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Could the COVID-19 Crisis Affect Remittances and Labour Supply in ASEAN Economies? Macroeconomic Conjectures Based on the SARS Epidemic

Author

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  • Alberto Posso

    (Centre for International Development, RMIT University)

Abstract

Debates on resilience to economic shocks in the ASEAN region focus on what policymakers can do to mitigate negative impacts associated with financial-economic crises. The COVID-19 pandemic has made it clear that the region is also vulnerable to health-economic crises. This study applies a difference-in-difference strategy to data from the 2003 SARS epidemic to shed light on how a global pandemic can affect labour supply and remittances in ASEAN economies. Findings suggest that even a relatively short-lived epidemic can have long-lasting effects on labour supply.

Suggested Citation

  • Alberto Posso, 2021. "Could the COVID-19 Crisis Affect Remittances and Labour Supply in ASEAN Economies? Macroeconomic Conjectures Based on the SARS Epidemic," Working Papers DP-2021-06, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:wpaper:dp-2021-06
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    File URL: https://www.eria.org/uploads/media/discussion-papers/ERIA-Research-on-COVID-19/Could-the-COVID-19-Crisis-Affect-Remittances-and-Labour-Supply-in-ASEAN_Economies-Macroeconomic-Conjectures-Based-on-the-SARS-Epidemic.pdf
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    Cited by:

    1. Antonio Fanelli, 2021. "How ASEAN Can Improve Its Response to the Economic Crisis Generated by the COVID-19 Pandemic: Inputs drawn from a comparative analysis of the ASEAN and EU responses," Working Papers DP-2021-08, Economic Research Institute for ASEAN and East Asia (ERIA).

    More about this item

    Keywords

    SARS; ASEAN; labour supply; remittances;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances

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