The Evaluation of the Final Impact of Wuhan COVID-19 on Trade, Tourism, Transport, and Electricity Consumption of China
13 Pages Posted: 9 Mar 2020
Date Written: March 9, 2020
In this paper, we evaluate the impact of Wuhan COVID-19 (Coronavirus Disease 2019) on four strategic sectors - i.e. tourism, air transportation, international trade, and electricity consumption of the Chinese economy. To do so, we develop and apply a new model - the economic crisis from massive contagious infection diseases simulator (ECMCID-Simulator). The simulator deploys a macro-dynamic analysis under different possible scenarios to evaluate the impact of a massive contagious infection disease on the short-run economic performance of a country.
Keywords: economic simulation, contagious disease, China, trade, tourism, air transportation, electricity consumption
JEL Classification: I15, I18
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