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Could this ever happen in Spain? Economic and policy aspects of a SARS-like episode

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  • José A. Herce

Abstract

This paper has attempted in a rather crude way to set an estimate of the economic consequences of a SARS-like epidemic outbreak in Spain having the country as a secondary hub of the disease. Per se, Spain could hardly be the origin of such an outbreak given her geographical situation but the country is increasingly taking part of global exchanges of persons and goods and in particular with countries where a like epidemics could originate. Several lessons can be derived from SARS the most important one being that prompt and effective action even at the expense of costly and unpopular isolation measures is the best way to limit the overall incidence irrespective of treatments being readily available or not. Based on available estimates on the economic consequences of SARS so far and taking into account the economic size and share of the Spanish tourist sector I estimate an upper range of between 1 and 2,4 billion euros in the “prompt and effective action” scenario according to the seasonal moment of occurrence of the outbreak if this were to happen in Spain.

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Bibliographic Info

Paper provided by FEDEA in its series Working Papers with number 2004-09.

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Handle: RePEc:fda:fdaddt:2004-09

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References

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  1. Omar Licandro, & Reyes Maroto & Luis A. Puch, . "Innovation, investment and productivity: Evidence from Spanish firms," Working Papers 2003-30, FEDEA.
  2. Boeri, Tito & Conde-Ruiz, José Ignacio & Galasso, Vincenzo, 2003. "Protecting Against Labour Market Risk: Employment Protection or Unemployment Benefits?," CEPR Discussion Papers 3990, C.E.P.R. Discussion Papers.
  3. Fabrice COLLARD & Omar LICANDRO & Luis A. PUCH, 2004. "The short-run dynamics of optimal growth models with delays," Economics Working Papers ECO2004/04, European University Institute.
  4. J. Ignacio Conde-Rui & Javier Alonso, . "El futuro de las pensiones en España: Perspectivas y lecciones," Working Papers 2004-03, FEDEA.
  5. Virginia Hernanz & Luis Toharia, 2006. "Do Temporary Contracts Increase Work Accidents? A Microeconometric Comparison between Italy and Spain," LABOUR, CEIS, vol. 20(3), pages 475-504, 09.
  6. Winfried KOENIGER & Omar LICANDRO, 2004. "Substitutability and Competition in the Dixit-Stiglitz Model," Economics Working Papers ECO2004/05, European University Institute.
  7. Juan J. Dolado & Marcel Jansen & Juan F. Jimeno, . "On-the-Job Search in a Matching Model with Heterogenous Jobs and Workers," Working Papers 2003-21, FEDEA.
  8. Simón Sosvilla Rivero & Oscar Bajo Rubio & Carmen Díaz Roldán, . "Sobre la efectividad de la política regional comunitaria: El caso de Castilla-la Mancha," Studies on the Spanish Economy 178, FEDEA.
  9. Francisco Pérez-Bermejo & Simón Sosvilla-Rivero, . "Currency Crises and Political Factors: Drawing Lessons from the EMS Experience," Working Papers 2004-04, FEDEA.
  10. Nora LADO & Omar LICANDRO & Francisco PÉREZ, 2004. "How Brand Names Affect the Price Setting of Carmakers Producing Twin Cars?," Economics Working Papers ECO2004/01, European University Institute.
  11. Simón Sosvilla-Rivero & Javier Alonso Meseguer, . "El efecto del capital humano sobre el crecimiento: ¿ Importa el periodo muestral?," Working Papers 2003-22, FEDEA.
  12. Juan Prieto & Juan Gabriel Rodríguez & Rafael Salas, . "Polarization, Inequality and Tax Reforms," Working Papers 2003-23, FEDEA.
  13. Raouf Boucekkine & David De La Croix & Omar Licandro, 2004. "MODELLING VINTAGE STRUCTURES WITH DDEs: PRINCIPLES AND APPLICATIONS," Mathematical Population Studies, Taylor & Francis Journals, vol. 11(3-4), pages 151-179.
  14. Javier Alonso & Simón Sosvilla-Rivero, . "Capital humano en España: Una estimación del nivel de estudios alcanzado," Working Papers 2004-08, FEDEA.
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Cited by:
  1. Simon Sosvilla-Rivero & Pedro Rodriguez, 2010. "Linkages in international stock markets: evidence from a classification procedure," Applied Economics, Taylor & Francis Journals, vol. 42(16), pages 2081-2089.

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