GTAP Resources: Resource Display
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"A Disasters Framework for Estimating the Macroeconomic Impact of the COVID-19 Pandemic" by Rose, Adam Abstract A Disasters Framework for Estimating the Macroeconomic Impact of the COVID-19 Pandemic by 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. |
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- Economic crisis - Domestic policy analysis - North America |
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Public Access  Paper (23.8 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
