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Economic impact of COVID-19 on tourism and remittances: Insights from Egypt

In: COVID-19 and global food security

Author

Listed:
  • Breisinger, Clemens
  • Latif, Abla Abdel
  • Raouf, Mariam
  • Wiebelt, Manfred

Abstract

Using the SAM multiplier model for Egypt, we simulate the individual and combined effects of a collapse in the tourism sector and reductions in Suez Canal revenues and in foreign remittances under more and less pessimistic scenarios. SAM multiplier models are well-suited to measuring short-term direct and indirect impacts of unanticipated, rapid-onset demand- or supply-side economic shocks such as those caused by the COVID-19 pandemic. We model the demand shocks as the anticipated reductions in tourism, Suez Canal, and remittances revenues.

Suggested Citation

  • Breisinger, Clemens & Latif, Abla Abdel & Raouf, Mariam & Wiebelt, Manfred, 2020. "Economic impact of COVID-19 on tourism and remittances: Insights from Egypt," IFPRI book chapters, in: COVID-19 and global food security, chapter 12, pages 56-59, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:ifpric:133827
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