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A Mexican State-level Perspective on Covid-19 and its Economic Fallout

Author

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  • Juan Pablo Cuesta Aguirre
  • Mrs. Swarnali A Hannan

Abstract

Mexico has had one of the highest death tolls from Covid-19 and among the largest declines in output compared to peers. This paper utilizes data on Mexico’s thirty-two states to better understand the relationship between health and economic outcomes. For instance, did the states with worse pandemic outcomes suffer more economically? What state-level characteristics impacted health and economic outcomes? Among the findings are: 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. The economic fallout was widespread well beyond the direct impact of the pandemic. Tourism-heavy states were particularly badly affected, while states with larger exposures to manufacturing exports performed better. These findings support the case for adequate health spending, fiscal lifelines for hard-hit workers and sectors, and further integration into global value chains to bolster economic outcomes and resilience.

Suggested Citation

  • Juan Pablo Cuesta Aguirre & Mrs. Swarnali A Hannan, 2020. "A Mexican State-level Perspective on Covid-19 and its Economic Fallout," IMF Working Papers 2020/214, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2020/214
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    Cited by:

    1. Alan Hernández-Solano & Jhair López-López & Antonio Yúnez-Naude & Yatziry Govea-Vargas, 2021. "Mexico. Socioeconomic Effects of Covid-19 and policy options: a Multisectoral Approach," Serie documentos de trabajo del Centro de Estudios Económicos 2021-04, El Colegio de México, Centro de Estudios Económicos.
    2. Bargain, Olivier & Aminjonov, Ulugbek, 2021. "Poverty and COVID-19 in Africa and Latin America," World Development, Elsevier, vol. 142(C).

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