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GTAP Resource #6407

"A Disasters Framework for Estimating the Macroeconomic Impact of the COVID-19 Pandemic"
by Rose, Adam

A Disasters Framework for Estimating the Macroeconomic Impact of the COVID-19 Pandemic


Adam Rose
University of Southern California

Economists working on the economics of disasters have developed a compressive economic consequence analysis (ECA) framework that has applicability to COVID-19. This framework extends ordinary impact analysis to include resilience and behavioral responses that play an especially prominent role during the pandemic and its recovery. Resilience is exemplified by telework and spending out of pent-up demand. Behavioral responses are exemplified by avoidance of public gathering places, mass transit and educational institutions. Causal factors such as these represent a bottom-up approach to analyzing this issue, in contrast to traditional macroeconomic approaches. This presentation will provide some detail on the ECA approach and how it is well implemented using a combination of microeconomic and sectoral detail and computable general equilibrium modeling.

Resource Details (Export Citation) GTAP Keywords
Category: 2021 Conference Paper
Status: Published
By/In: Presented during the 24th Annual Conference on Global Economic Analysis (Virtual Conference); Benefits Analysis for Homeland Security
Date: 2021
Version: n/a
Created: Rose, A. (4/15/2021)
Updated: Rose, A. (4/15/2021)
Visits: 408
- Economic crisis
- Domestic policy analysis
- North America

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