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Impact of the 2001 Foot and Mouth Outbreak on the Irish Economy

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Author Info
Ronnie O'Toole
Alan Matthews
Michael Mulvey
Abstract

This paper examines the impact of the recent outbreak of foot-and-mouth disease on the Irish economy using IMAGE, a CGE model of the Irish economy. The direct impacts on the tourism sector, the agricultural sector and on government finances are identified and their overall consequences for the economy are calculated by model simulation. The overall impacts on the agricultural sector are positive because of higher prices for meat products arising from the FMD outbreak in the UK, but significant adverse impacts are found for the tourism and retailing sectors.

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File URL: http://www.tcd.ie/Economics/TEP/2002_papers/tepno8RT22.PDF
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Paper provided by Trinity College Dublin, Department of Economics in its series Trinity Economics Papers with number 20028.

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Date of creation: 2002
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Handle: RePEc:tcd:tcduee:20028

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Postal: Trinity College, Dublin 2
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