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
Mario Arturo Ruiz Estrada
University of Malaya (UM) - Faculty of Economics & Administration (FEA)
Donghyun Park
Asian Development Bank - Economic Research
Minsoo Lee
Asian Development Bank
Date Written: February 19, 2020
Abstract
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.