Initial impact of COVID-19 on the economic-financial situation of the families in Santiago de Cali, Colombia

Authors

DOI:

https://doi.org/10.11606/1980-5330/ea182075

Keywords:

COVID-19, Santiago de Cali, Colombia, Multinomial Logit

Abstract

The study aims to evaluate the initial impact of the COVID-19 pandemic on the economic-financial situation of families in Cali, Colombia through a multinomial Logit model. The data comes from a direct investigation through the application of a survey. The results revealed that there is an economic-financial vulnerability of these families to the pandemic. Men with an average age of 36 years who present levels of education higher than professional can resist the financial impact. As the age of men increases, the negative financial impact grows stronger.

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Author Biographies

  • Nadja Simone Menezes Nery de Oliveira, Universidad del Valle

    Doctora en Desarrollo Regional y Agronegocio. Profesora del Departamento de Economía de la Universidad del Valle, Colombia.

  • Juan Byron Correa Fonnegra, Universidad del Valle

    Magíster en Economía. Profesor del Departamento de Economía de la Universidad del Valle, Colombia. 

  • Fabio Alberto Arias Arbeláez, Universidad del Valle

    Doctor en Desarrollo Sostenible. Profesor del Departamento de Economía de la Universidad del Valle, Colombia. 

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Published

2022-12-01

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Papers

How to Cite

Oliveira, N. S. M. N. de, Correa Fonnegra, J. B. ., & Arias Arbeláez, F. A. . (2022). Initial impact of COVID-19 on the economic-financial situation of the families in Santiago de Cali, Colombia. Economia Aplicada, 26(4), 551-574. https://doi.org/10.11606/1980-5330/ea182075