GTAP Resources: Resource Display
GTAP Resource #6269 |
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"The Impacts of the Coronavirus on the US and the World Economy " by Walmsley, Terrie, Adam Rose and Dan Wei Abstract We present a formal analysis of the macroeconomic impacts of the COVID-19 pandemic in the U.S., China and the rest of the world. The study considers a comprehensive list of causal factors affecting the impacts, including: mandatory closures and the gradual re-opening process; decreased services trade due to reduced movement of natural persons (mode 4, GATS); the decline in workforce due to morbidity, mortality and avoidance behavior; the suspension of some ordinary health care services and subsequent increase in demand for COVID-related health care; decreased demand for public transportation and leisure-related activities; increased precautionary savings; potential resilience through telework; increased demand for communication services; increased pent-up demand; and government stimulus. |
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- Economic crisis - Health - Asia (East) - North America |
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Public Access Paper (430.7 KB) Replicated: 0 time(s) Presentation (792.4 KB) Replicated: 0 time(s) Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 1:05:45 PM