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

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

University of Malaya (UM) - Social Security Research Centre (SSRC); University of Malaya (UM)

Donghyun Park

Asian Development Bank - Economic Research

Minsoo Lee

Asian Development Bank

Date Written: March 9, 2020

Abstract

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

Suggested Citation

Ruiz Estrada, Mario Arturo and Park, Donghyun and Lee, Minsoo, The Evaluation of the Final Impact of Wuhan COVID-19 on Trade, Tourism, Transport, and Electricity Consumption of China (March 9, 2020). Available at SSRN: https://ssrn.com/abstract=3551093 or http://dx.doi.org/10.2139/ssrn.3551093

Mario Arturo Ruiz Estrada (Contact Author)

University of Malaya (UM) - Social Security Research Centre (SSRC) ( email )

Malaysia

University of Malaya (UM) ( email )

Kuala Lumpur, Wilayah Persekutuan 50603
University of Malaya (UM)
Kuala Lumpur, Wilayah Persekutuan 50603
Malaysia

Donghyun Park

Asian Development Bank - Economic Research ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

Minsoo Lee

Asian Development Bank ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

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