Economic Impacts of <scp>SARS</scp>/<scp>MERS</scp>/<scp>COVID</scp>‐19 in Asian Countries

Tanaka, Satoshi

doi:10.1111/aepr.12363

Cited by 25 publications

(13 citation statements)

References 57 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Additionally, welfare gains will decline if WFH cost saving are offset by higher home renovation costs (Stanton & Tiwari, 2021) and/or utilities costs (Larson & Zhao, 2017). It should be noted the data represent realised demand and incorporate supply-side shocks that were key elements to shifts in demand (Tanaka, 2022). Fiscal relief policies in Australia and in other advanced economies were aimed at maintaining supply-through programs like job keeper (Makin & Layton, 2021).…”

Section: Household Consumption During the Pandemicmentioning

confidence: 99%

A Demand Systems Approach to Understanding Medium‐Term Post‐Pandemic Consumption Trends

Martinus

Smith

2023

J of App Econs and Policy

View full text Add to dashboard Cite

Recent research has documented the immediate negative impact of the COVID‐19 pandemic on household and business consumption, but there is still limited investigation into the medium‐term effects in specific consumption categories. This paper addresses this gap using a vector autoregression analysis of a system of aggregated consumer final demand across Australia. We highlight the importance of studying a demand system, as opposed to investigating independent consumption categories, due to the interactive evolution of consumption during the pandemic. Modelling the paths of various consumption categories in response to shocks from one another, we find that, despite the large and abrupt shocks to consumption during the first two quarters of 2020, most categories reverted to pre‐COVID levels when restrictions were lifted. Importantly, transportation had the largest and most persistent decline. Overall, shocks to sectors other than food, alcohol and education were outside the counterfactual forecast confidence intervals estimated based on pre‐COVID information.

show abstract

Section: Household Consumption During the Pandemicmentioning

confidence: 99%

A Demand Systems Approach to Understanding Medium‐Term Post‐Pandemic Consumption Trends

Martinus

Smith

2023

J of App Econs and Policy

View full text Add to dashboard Cite

show abstract

“…Several regions in East and South-East Asia have had previous experiences with economic shocks, caused by viruses such as SARS and MERS. Tanaka ( 2022 ) gives a comprehensive overview of the literature that measures the economic impact of SARS and MERS in Asia. For both these crises, the crash of the demand for tourism was one of the main impact channels (Tanaka 2022 ).…”

Section: Related Literaturementioning

confidence: 99%

“…Tanaka ( 2022 ) gives a comprehensive overview of the literature that measures the economic impact of SARS and MERS in Asia. For both these crises, the crash of the demand for tourism was one of the main impact channels (Tanaka 2022 ). This indicates the need for more CGE studies on the specific effects of COVID-19 and tourism.…”

Section: Related Literaturementioning

confidence: 99%

Assessing the economic and environmental consequences of the COVID-19 tourism collapse in Andalusia: what lessons can we draw for South-East Asian regions?

Roson

Vorst

2022

Ann Reg Sci

View full text Add to dashboard Cite

This paper presents a simulation exercise undertaken with a newly available regional general equilibrium model for the Spanish region of Andalusia. The exercise is intended to assess the structural adjustment processes and impacts on the Andalusian economy directly induced by the dramatic fall in tourism expenditure which occurred in the year 2020, due to the prevention measures implemented because of the COVID-19 pandemic. We also undertake a preliminary evaluation of the impact on some environmental indicators, such as greenhouse gases emissions and air pollutants. The key insight emerging from our analysis is that the COVID crumbling of tourism demand reduces the environmental pressure but also generates very relevant distributional consequences. We believe that these insights are not peculiar to Andalusia but could be extended to many other regions in the world, especially those similar in terms of magnitude of the shock, economic structure, and labor market. We illustrate the latter point by contrasting Andalusia with a set of South-East Asian countries.

show abstract

“…When it comes to previous health crises such as SARS and MERS epidemics, which were also the most widespread, the literature is mainly focused on the economic effects of the crisis in the regions most affected by these crises (Au et al, 2005 Regardless of the fact that these are basically similar crisis events, ie health crises, they differ to a certain extent in their manifestation and effects on tourism in relation to the COVID-19 pandemic. The main difference is in the number of infected, which was much less during the SARS and MERS epidemics (Tanaka, 2022). This has meant that the number of deaths recorded during the COVID-19 pandemic significantly exceeds the number of deaths during the SARS and MERS pandemics despite the significantly higher mortality rates recorded during these epidemics (Al-Tawfiq et al, 2014; Pavli et al, 2014;Kim et al, 2017;Yang et al, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Future of Tourism and Covid-19 Crisis: The Paradigm Shift

Ilić¹,

Simicevic²

2022

The Seventh International Scientific Conference - THE FUTURE OF TOURISM

View full text Add to dashboard Cite

The COVID-19 crisis has led to major changes in economic and social relations around the world. These changes have not bypassed the tourism industry, which is disproportionately more affected than other economic activities, due to numerous restrictions imposed on passengers and companies for the transport of goods and passengers. In order for the tourism economy to recover as quickly as possible and establish stable business, it is necessary to overcome current obstacles through the implementation of inventive solutions. Thus, the paper focuses on main obstacles imposed by COVID-19 pandemic and government restrictions on tourism industry and their influence on tourism business model which has been called into question. The goal of the paper is to analyze key factors affecting the tourism industry, as well as to produce possible directions for future development after the establishment of normal conditions in the tourism market. In that sense, the emphasis was placed on sustainable development of tourism, further digitalization, strengthening of ecotourism and personalization and customization of services.

show abstract

Economic Impacts of SARS/MERS/COVID‐19 in Asian Countries

Cited by 25 publications

References 57 publications

A Demand Systems Approach to Understanding Medium‐Term Post‐Pandemic Consumption Trends

A Demand Systems Approach to Understanding Medium‐Term Post‐Pandemic Consumption Trends

Assessing the economic and environmental consequences of the COVID-19 tourism collapse in Andalusia: what lessons can we draw for South-East Asian regions?

Future of Tourism and Covid-19 Crisis: The Paradigm Shift

Contact Info

Product

Resources

About