How A Massive Contagious Infectious Diseases Can Affect Tourism, International Trade, Air Transportation, and Electricity Consumption? The Case of 2019 Novel Coronavirus (2019-nCoV) in China
14 Pages Posted: 20 Feb 2020
Date Written: February 19, 2020
This paper is interested to evaluate the final impact of the 2019 novel coronavirus (2019-nCoV) on four economic strategic sectors such as the tourism, air transportation, international trade, and electricity consumption of China into a multidimensional graph simultaneously. Hence, this research paper proposes the application of the economic crisis from a massive contagious infection diseases simulator (ECMCID-Simulator) respectively. In addition, the ECMCID-Simulator tries to show a macro-dynamic analysis with different possible scenarios to evaluate how a massive contagious infection disease can affect dramatically on the economic performance of any country in the short run. Finally, the ECMCID-Simulator was applied to the case of 2019 novel coronavirus (2019-nCoV) in China.
Keywords: Economic Simulation, contagious diseases, China, Tourism, Electricity Consumption
JEL Classification: I15, I18
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