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GTAP Resource #6609

"COVID-19, Tourism, and the Cost of Uneven Recovery"
by Arriola, Christine, Przemyslaw Kowalski and Frank van Tongeren

COVID-19 has had an unprecedented negative impact on the global economy, and the effects are felt most acutely in the tourism sector. A safe return of the international tourism sector is essential to the million’s of people around the globe who rely on this sector for their livelihood. Given the nature of the international tourism industry, the sector’s rebound depends on a coordinated effort among governments to relax cross-border travel restrictions. This paper attempts to quantify the cost if these efforts fail. Using the OECD METRO model, we find that an uneven recovery in the tourism sectors would reduce the gains in real GDP by 1.4 USD trln, relative to an even recovery where all countries simultaneously relax restrictions on the tourism sector to the same degree

Resource Details (Export Citation) GTAP Keywords
Category: 2022 Conference Paper
Status: Not published
By/In: Presented during the 25th Annual Conference on Global Economic Analysis (Virtual Conference)
Date: 2022
Version: 1
Created: Arriola, C. (4/15/2022)
Updated: Arriola, C. (4/15/2022)
Visits: 485
- Economic crisis
- Trade in services
- Not Applicable

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