The new performance index: an application to COVID-19 era
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Date
2021
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Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
In this study I build a performance index that is based on different human capital components, as well as differences in the distribution of these components and of their returns between different genders and ethnic groups. The index can be calculated for individual industries in an economy; it can also be calculated for global economies. It facilitates the comparison between the performance of different economies; and it can be used to study the changes in individual industries within an economy, that might be differently affected by economic, health, and social changes. As an example, I implement the index to study the US economy around the period of the COVID-19 global pandemic, to observe the different effects of the pandemic on the different industries of the economy.
Description
1. Adams-Prassl, Abi; Boneva, Teodora; Golin, Marta; and Rauh, Christopher. 2020. “Work That Can Be Done from Home: Evidence on Variation within and across Occupations and Industries.” IZA Discussion Paper, No. 13374.
2. Asali, Muhammad, and Gurashvili, Rusudan. 2020 “Labor market discrimination and the macroeconomy,” Economics of Transition and Institutional Change, 28(3): 515-533.
3. Robalino, David A. 2020. “The COVID-19 Conundrum in the developing world: Protecting lives or protecting jobs?” IZA Discussion Paper, No. 13136.
4. Shin, Jinwook; Kim, Seonghoon; and Koh, Kanghyock. 2020. “Economic Impact of Targeted Government Responses to COVID-19: Evidence from the First Large-scale Cluster in Seoul.” IZA Discussion Paper, No. 13575.
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Citation
VI International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2021, pp. 20-28