Research Repository

Effects on the U.S. of an H1N1 Epidemic: Analysis with a Quarterly CGE Model

Dixon, Peter, Lee, Bumsoo, Muehlenbeck, Todd, Rimmer, Maureen T, Rose, Adam and Verikios, George (2010) Effects on the U.S. of an H1N1 Epidemic: Analysis with a Quarterly CGE Model. Journal of Homeland Security and Emergency Management, 7 (1). ISSN 1547-7355

Full text for this resource is not available from the Research Repository.

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.

Item Type: Article
Uncontrolled Keywords: influenza epidemic, quarterly CGE model
Subjects: FOR Classification > 1402 Applied Economics
FOR Classification > 1605 Policy and Administration
Faculty/School/Research Centre/Department > College of Business
Faculty/School/Research Centre/Department > Centre of Policy Studies (CoPS)
Depositing User: Ms Julie Gardner
Date Deposited: 14 Apr 2014 00:16
Last Modified: 04 Oct 2015 23:54
URI: http://vuir.vu.edu.au/id/eprint/24672
DOI: https://doi.org/10.2202/1547-7355.1769
ePrint Statistics: View download statistics for this item
Citations in Scopus: 20 - View on Scopus

Repository staff only

View Item View Item

Search Google Scholar