The potential local and regional impacts of COVID-19 in New Zealand: with a focus on tourism

Laëtitia Leroy de Morel, Wittwer Glen, Leung Christina and Gämperle Dion
Additional contact information
Wittwer Glen: CoPS
Leung Christina: New Zealand Institute of Economic Research
Gämperle Dion: New Zealand Institute of Economic Research

No 2020/3, NZIER Working Paper from New Zealand Institute of Economic Research

Abstract: We use our CGE model to assess the potential impacts of COVID-19 on the New Zealand economy and its regions. Our regional CGE model is used to run three scenarios (phases) based on the different alert levels (1-4) imposed by the New Zealand Government. For each phase, we mostly focus on restrictions applied to the entry and movements of people as well as on labour and capital temporarily rendered idle due to the isolation and social distancing measures. We do not explicitly model any fiscal response to showcase the base against which fiscal policies can be assessed.

Keywords: CGE modelling; COVID-19; Tourism: New Zealand economy (search for similar items in EconPapers)
JEL-codes: C68 Z30 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2020-08-13
New Economics Papers: this item is included in nep-cmp, nep-tur and nep-ure
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:nzierw:2020_003

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