Effects on the U.S. Of an H1N1 epidemic: Analysis with a quarterly CGE model

Peter B. Dixon, Bumsoo Lee, Todd Muehlenbeck, Maureen T. Rimmer, Adam Rose, George Verikios

Research output: Contribution to journalEditorial

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.

Original languageEnglish (US)
Article number75
JournalJournal of Homeland Security and Emergency Management
Volume7
Issue number1
DOIs
StatePublished - Jan 28 2010

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Economic and social effects
Productivity
Economics
demand
macroeconomics
economics
stimulus
productivity
Tourism
CGE model
supply
Side effects

Keywords

  • Influenza epidemic
  • Quarterly CGE model

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Safety, Risk, Reliability and Quality
  • Safety Research

Cite this

Effects on the U.S. Of an H1N1 epidemic : Analysis with a quarterly CGE model. / Dixon, Peter B.; Lee, Bumsoo; Muehlenbeck, Todd; Rimmer, Maureen T.; Rose, Adam; Verikios, George.

In: Journal of Homeland Security and Emergency Management, Vol. 7, No. 1, 75, 28.01.2010.

Research output: Contribution to journalEditorial

Dixon, Peter B. ; Lee, Bumsoo ; Muehlenbeck, Todd ; Rimmer, Maureen T. ; Rose, Adam ; Verikios, George. / Effects on the U.S. Of an H1N1 epidemic : Analysis with a quarterly CGE model. In: Journal of Homeland Security and Emergency Management. 2010 ; Vol. 7, No. 1.
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