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The scientists considered a complete hypothetical shutdown of Russian gas imports to Austria as of June 1, 2022. As first step, they analyzed factors on the supply and demand side that have the potential to mitigate the immediate shortfall in gas supply. Second, after taking mitigation factors into account, they quantified gas supply shocks to industrial production. Third, they estimated direct production losses caused by gas shortages. Fourth, using a dynamic input–output model, they quantified total (direct plus indirect) impacts on the economy.
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