The Impact of COVID-19 on the Economic Performance of Wuhan, China (2019-2020)

19 Pages Posted: 15 Jan 2022

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

Econographication Virtual Laboratory (EVL); Universidad de San Carlos de Guatemala - Facultad de Ciencias Economicas

Evangelos Koutronas

University of Malaya (UM)

Donghyun Park

Asian Development Bank - Economic Research

Alam Khan

KUST

Tahir Muhammad

Comsats University Islamabad

Date Written: January 14, 2022

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.

Keywords: Economic Simulation, contagious diseases, China, Wuhan, Policy Modeling

JEL Classification: I15, I18

Suggested Citation

Ruiz Estrada, Mario Arturo and Koutronas, Evangelos and Park, Donghyun and Khan, Alam and Muhammad, Tahir, The Impact of COVID-19 on the Economic Performance of Wuhan, China (2019-2020) (January 14, 2022). Available at SSRN: https://ssrn.com/abstract=4008672 or http://dx.doi.org/10.2139/ssrn.4008672

Mario Arturo Ruiz Estrada (Contact Author)

Econographication Virtual Laboratory (EVL) ( email )

Kuala Lumpur
Malaysia
+60126850293 (Phone)
0 (Fax)

HOME PAGE: http://www.econographication.com

Universidad de San Carlos de Guatemala - Facultad de Ciencias Economicas ( email )

Ciudad Universitaria Zona 12
Guatemala City, Guatemala city 01012
Guatemala
0 (Phone)
0 (Fax)

HOME PAGE: http://www.usac.edu.gt

Evangelos Koutronas

University of Malaya (UM) ( email )

Kuala Lumpur, Wilayah Persekutuan 50603
University of Malaya (UM)
Kuala Lumpur, Wilayah Persekutuan 50603
Malaysia

Donghyun Park

Asian Development Bank - Economic Research ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

Alam Khan

KUST ( email )

Department of Economics Kohat University of Scienc
Kohat, Khyber Pakhtunkhwa 26000
Pakistan

Tahir Muhammad

Comsats University Islamabad ( email )

Park Road
Chak Shahzad
Islamabad, North-West Frontier Province 44000
Pakistan

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