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

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  • 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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Bibliographic Info

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
Phone: (+ 353 1) 6081325
Fax: 6772503
Web page: http://www.tcd.ie/Economics/
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Cited by:
  1. Emma J. Dillon & Alan Matthews & Fiona Thorne, 2009. "Foot-and-Mouth Disease control costs compared: An Irish case study," Working Papers 0913, Rural Economy and Development Programme,Teagasc.
  2. Rault, Arnaud & Krebs, Stephane, 2011. "Livestock epidemics and catastrophic risk management: State of the art and prospects on economic dynamics," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114793, European Association of Agricultural Economists.
  3. Arnaud Rault & St├ęphane Krebs, 2011. "Catastrophic risk and risk management, what do we know about livestock epidemics? State of the art and prospects," Working Papers SMART - LERECO 11-05, INRA UMR SMART.
  4. Dillon, Emma J., 2006. "A Cost-Effectiveness Study of Animal Disease Eradication Strategies: Foot-and-Mouth Disease in Ireland," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25321, International Association of Agricultural Economists.
  5. Rich, Karl M. & Winter-Nelson, Alex, 2004. "A Spatial Model Of Animal Disease Control In Livestock: Empirical Analysis Of Foot And Mouth Disease In The Southern Cone," 2004 Annual meeting, August 1-4, Denver, CO 20015, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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