Economic impact of COVID-19 on tourism and remittances: Insights from Egypt

Clemens Breisinger (), Abla Abdel Latif, Mariam Raouf and Manfred Wiebelt ()

Chapter 12 in COVID-19 and global food security, 2020, pp 56-59 from International Food Policy Research Institute (IFPRI)

Abstract: Using the SAM multiplier model for Egypt, we simulate the individual and combined effects of a collapse in the tourism sector and reductions in Suez Canal revenues and in foreign remittances under more and less pessimistic scenarios. SAM multiplier models are well-suited to measuring short-term direct and indirect impacts of unanticipated, rapid-onset demand- or supply-side economic shocks such as those caused by the COVID-19 pandemic. We model the demand shocks as the anticipated reductions in tourism, Suez Canal, and remittances revenues.

Keywords: models; economic situation; economic impact; covid-19; tourism; remittances; economic crises; household income; food security; Egypt; Northern Africa; Africa; Middle East (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:fpr:ifpric:133827

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