The following studies will be updated periodically as more research is conducted by CERPA faculty on the effects of COVID-19 and related policies.
The Economic Impact of COVID-19-Related Restaurant Closures on the Regional Economy – A Preliminary Examination
The purpose of this study is to provide a preliminary examination of the total economic effects of restaurant and bar closures and operation changes due to Executive Order (EO) 121. At the time of the analysis, EO 121 has been in place for one calendar month so this is the duration of the analysis. The analysis examines the regional economic impacts in terms of lost gross regional product, employment, labor income, and state and local taxes.
Click here for the report.
The Economic Impact of COVID-19-Related Closures of Restaurant and Accommodation Businesses in Watauga County, NC – A Preliminar
The purpose of this study is to provide a preliminary examination of the total economic effects of restaurant/bar closures and operation changes, plus accommodation impacts due to EO 121 and the Watauga County State of Emergency.
Click here for the full report.