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Coronavirus pandemic and tourism: Dynamic stochastic general equilibrium modeling of infectious disease outbreak

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  • Yang, Yang
  • Zhang, Hongru
  • Chen, Xiang

Abstract

•We propose a DSGE model to examine the impact of the coronavirus outbreak on tourism.•The model is generalizable to any epidemic.•The model supports the policy of providing tourism consumption vouchers for residents.

Suggested Citation

  • Yang, Yang & Zhang, Hongru & Chen, Xiang, 2020. "Coronavirus pandemic and tourism: Dynamic stochastic general equilibrium modeling of infectious disease outbreak," Annals of Tourism Research, Elsevier, vol. 83(C).
    • Handle: RePEc:eee:anture:v:83:y:2020:i:c:s0160738320300578
    DOI: 10.1016/j.annals.2020.102913
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    References listed on IDEAS

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    1. Isoré, Marlène & Szczerbowicz, Urszula, 2017. "Disaster risk and preference shifts in a New Keynesian model," Journal of Economic Dynamics and Control, Elsevier, vol. 79(C), pages 97-125.
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    7. Hongru Zhang & Yang Yang, 2019. "Prescribing for the tourism-induced Dutch disease: A DSGE analysis of subsidy policies," Tourism Economics, , vol. 25(6), pages 942-963, September.
    8. Adam Blake & M. Thea Sinclair & Guntur Sugiyarto, 2003. "Quantifying the Impact of Foot and Mouth Disease on Tourism and the UK Economy," Tourism Economics, , vol. 9(4), pages 449-465, December.
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