COVID-19 has earned global attention as the illness continues to work its way across continents. Several prominent countries have seen their normal economic activity all but cease as health and safety professionals attempt to stop the disease’s spread.
Professors Adam Rose, Ph.D. and Dan Wei, Ph.D. from the University of Southern California’s Sol Price School of Public Policy will join REMI for a special guest webinar, “USC on Modeling COVID-19 in REMI,” that will be presented on Thursday, March 19th from 2:00 to 3:00 p.m. (ET).
Dr. Rose and Dr. Wei are prepared to analyze three prior studies that evaluated the numerous effects of a serious health threat and the macroeconomic impacts of shutting down America’s borders by utilizing dynamic economic modeling. These analyses described the basic considerations of simulating health threats, the impact of avoidance behavior on the economy, and how an epidemic influences a region’s supply-chain resilience.
This discussion examines a general influenza outbreak scenario before exploring how to model the case for a severe health threat in which the United States government would consider a partial or complete border closure to all goods and people. A border closure can involve a reduction of imports, exports, tourism, and migration, which then increase the need for domestic substitutes for the nation’s most important services and supplies.
A hypothetical H1N1 influenza epidemic will be used in this guest webinar presentation that also details how to use REMI to monitor workforce participation, medical expenditures, and vaccination expenditures resulting from a national health threat. The methodological approaches incorporated in each analysis will be provided by Dr. Rose and Dr. Wei, as well as the key findings from their assessments.