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-stream firms. We consider two scenarios. In the first one, because of the lockdown all the upstream firms are forced to cut … production. This generates a sizable down-turn during the lockdown due to the indirect effects of the shock (network based … financial accelerator). In the second scenario, only those upstream firms located in the "red zone" are forced to contract …
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Background: Business continuity entails the potential negative consequences of uncertainty on a firm's ability to achieve strategic objectives. The COVID-19 pandemic significantly impacted business continuity due to lockdowns, travel restrictions, and social distancing measures. Consequently,...
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