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General equilibrium analyses of Covid-19 impacts and policies: an historical perspective

Author

Listed:
  • Roberto Roson

    (Department of Economics, Ca' Foscari University of Venice; Loyola Andalusia University; GREEN Bocconi University Milan)

  • Camille Van der Vorst

    (Leuven Centre for Global Governance Studies, KU Leuven)

Abstract

This survey presents the recent and rapidly expanding literature, which analyses the economic impacts of the COVID 19 pandemic, by means of Computable General Equilibrium (CGE) modelling. It does so not only by contrasting and assessing the different methodological approaches, and the key findings of the simulation exercises, but also by putting the various contributions in a historical perspective. This is necessary, because each CGE based study should be evaluated while keeping in mind when it was realized, since questions, priorities, expectations have been constantly changing during the spreading of the pandemic.

Suggested Citation

  • Roberto Roson & Camille Van der Vorst, 2021. "General equilibrium analyses of Covid-19 impacts and policies: an historical perspective," Working Papers 2021:25, Department of Economics, University of Venice "Ca' Foscari".
  • Handle: RePEc:ven:wpaper:2021:25
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    1. Laëtitia, Leroy de Morel & Glen, Wittwer & Christina, Leung & Dion, Gämperle, 2020. "The potential local and regional impacts of COVID-19 in New Zealand: with a focus on tourism," NZIER Working Paper 2020/3, New Zealand Institute of Economic Research.
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    More about this item

    Keywords

    CGE models; COVID-19; economic impact; environmental impact;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • I10 - Health, Education, and Welfare - - Health - - - General

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