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The impact of COVID-19 on the economic performance of Wuhan, China (2019–2021)

Author

Listed:
  • Mario Arturo Ruiz Estrada

    (University of Malaya
    University of Economics and Human Sciences)

  • Evangelos Koutronas

    (West Virginia University)

  • Donghyun Park

    (Asian Development Bank (ADB))

  • Alam Khan

    (KUST)

  • Muhammad Tahir

    (COMSAT Institute of Information Technology)

Abstract

This paper attempts to evaluate the impact of massive infectious and contagious diseases and its final impact on the economic performance anywhere and anytime. We are considering to evaluate the case of Wuhan, China. We are taking in consideration the case of COVID-19 to be evaluated under a domestic, national, and international level impact. In this paper, we also propose a new simulator to evaluate the impact of massive infections and contagious diseases on the economic performance subsequently. This simulator is entitled “The Impact of Pandemics on the Economic Performance Simulator (IPEP-Simulator)” Hence, this simulator tries to show a macro and micro analysis with different possible scenarios simultaneously. Finally, the IPEP-Simulator was applied to the case of Wuhan-China respectively.

Suggested Citation

  • Mario Arturo Ruiz Estrada & Evangelos Koutronas & Donghyun Park & Alam Khan & Muhammad Tahir, 2023. "The impact of COVID-19 on the economic performance of Wuhan, China (2019–2021)," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(1), pages 847-862, February.
    • Handle: RePEc:spr:qualqt:v:57:y:2023:i:1:d:10.1007_s11135-022-01392-y
    DOI: 10.1007/s11135-022-01392-y
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    References listed on IDEAS

    as
    1. Estrada, Mario Arturo Ruiz & Yap, Su Fei, 2013. "The origins and evolution of policy modeling," Journal of Policy Modeling, Elsevier, vol. 35(1), pages 170-182.
    2. Ruiz Estrada, Mario Arturo & Park, Donghyun, 2018. "The past, present and future of policy modeling," Journal of Policy Modeling, Elsevier, vol. 40(1), pages 1-15.
    3. Gavin J. D. Smith & Dhanasekaran Vijaykrishna & Justin Bahl & Samantha J. Lycett & Michael Worobey & Oliver G. Pybus & Siu Kit Ma & Chung Lam Cheung & Jayna Raghwani & Samir Bhatt & J. S. Malik Peiris, 2009. "Origins and evolutionary genomics of the 2009 swine-origin H1N1 influenza A epidemic," Nature, Nature, vol. 459(7250), pages 1122-1125, June.
    4. Ruiz Estrada, Mario Arturo, 2011. "Policy modeling: Definition, classification and evaluation," Journal of Policy Modeling, Elsevier, vol. 33(4), pages 523-536, July.
    5. Mario Arturo Ruiz Estrada, 2017. "An alternative graphical modeling for economics: Econographicology," Quality & Quantity: International Journal of Methodology, Springer, vol. 51(5), pages 2115-2139, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Economic simulation; Contagious diseases; China; Wuhan; Policy modeling;
    All these keywords.

    JEL classification:

    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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