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GTAP Resources: Resource Display

GTAP Resource #6269

"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.


Resource Details (Export Citation) GTAP Keywords
Category: 2021 Conference Paper
Status: Not published
By/In: Presented during the 24th Annual Conference on Global Economic Analysis (Virtual Conference)
Date: 2021
Version:
Created: Walmsley, T. (4/14/2021)
Updated: Walmsley, T. (5/30/2021)
Visits: 523
- Economic crisis
- Health
- Asia (East)
- North America


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Public Access
  File format Paper  (430.7 KB)   Replicated: 0 time(s)
  File format Presentation  (792.4 KB)   Replicated: 0 time(s)


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