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. 2021 Sep 9;139:103893. doi: 10.1016/j.euroecorev.2021.103893

Table 2.

Peak effects on distributional and sectoral variables. Asterisks * and ** mean 68 and 90 percent significance, respectively.

Part A: Distribution
Variable Peak effect Period (in weeks)
Employment, Aggregate −0.34** 6
Employment, High income −0.23** 5
Employment, Mid income −0.34** 6
Employment, Low income −0.40** 6

Expenditure, Aggregate −0.47** 5
Expenditure, High income −0.58** 5
Expenditure, Mid income −0.45** 5
Expenditure, Low income −0.39** 6

Small business revenue, Aggregate −0.63** 5
Small business revenue, High income −0.64** 5
Small business revenue, Mid income −0.63** 5
Small business revenue, Low income −0.64** 4

Small business openings, Aggregate −0.49** 6
Small business openings, High income −0.53** 6
Small business openings, Mid income −0.49** 6
Small business openings, Low income −0.44** 6

Part B: Sectors

Variable Peak effect Period (in weeks)

Employment, Trade, Transportation and Utilities −0.25** 6
Employment, Professional and Business services −0.20** 6
Employment, Education and Health services −0.31** 6
Employment, Leisure and Hospitality −0.79** 6

Revenues, Trade, Transportation and Utilities −0.48** 6
Revenues, Professional and Business services −0.36** 5
Revenues, Education and Health services −0.94** 6
Revenues, Leisure and Hospitality −0.72** 5

Business openings, Trade, Transportation and Utilities −0.43* 5
Business openings, Professional and Business services −0.18* 2
Business openings, Education and Health services −0.50** 5
Business openings, Leisure and Hospitality −0.39* 5

Part C: Expenditure categories

Variable Peak effect Period (in weeks)

Accommodation and Food service −1.07** 5
Arts, Entertainment, and Recreation −0.87** 5
General Merchandise stores −0.89** 5
Grocery and Food store 0.68* 1
Health care and Social assistance −0.91** 5
Transportation and Warehousing −0.77* 5