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