Effects on the U.S. of an H1N1 epidemic: analysis with a quarterly CGE model

Peter Dixon, Bumsoo Lee, Todd Muehlenbeck, Maureen Rimmer, Adam Rose and George Verikios

Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre

Abstract: We simulate the effects of a hypothetical H1N1 epidemic in the U.S. using a quarterly CGE model. Quarterly periodicity allows us to capture the short-run nature of an epidemic. We find potentially severe economic effects in the peak quarter. Averaged over the epidemic year the effects are considerably damped. Our results indicate that the macroeconomic consequences of an epidemic are more sensitive to demand-side effects such as reductions in international tourism and leisure activities than to supply-side effects such as reductions in productivity. This suggests that demand stimulus policies might be an appropriate economic response to a serious epidemic.

Keywords: Influenza epidemic; Quarterly CGE modelling (search for similar items in EconPapers)
JEL-codes: C68 I18 (search for similar items in EconPapers)
Date: 2010-06
New Economics Papers: this item is included in nep-cmp, nep-hea and nep-tur
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Citations: View citations in EconPapers (44)

Published in Journal of Homeland Security and Emergency Management, vol. 7, iss. 1, 2010, article 75.

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Related works:
Journal Article: Effects on the U.S. of an H1N1 Epidemic: Analysis with a Quarterly CGE Model (2010)
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