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2019

USDA National Wildlife Research Center - Staff Publications

Computable general equilibrium (CGE)

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Macroeconomic Impact Of Foot‐And‐Mouth Disease Vaccination Strategies For An Outbreak In The Midwestern United States: A Computable General Equilibrium, Maryfrances Miller, Lirong Liu, Steven Shwiff, Stephanie Shwiff Jan 2019

Macroeconomic Impact Of Foot‐And‐Mouth Disease Vaccination Strategies For An Outbreak In The Midwestern United States: A Computable General Equilibrium, Maryfrances Miller, Lirong Liu, Steven Shwiff, Stephanie Shwiff

USDA National Wildlife Research Center - Staff Publications

The impacts of alternative responses to a hypothetical foot‐and‐mouth disease (FMD) outbreak occurring in the Midwestern United States are estimated using the Regional Economic Modelling Incorporated Policy Insight + (REMI) computable general equilibrium model, with particular attention paid to the employment impact estimates. The impact on employment and GDP is estimated using forecasts of a 10‐ year period with disease outbreak duration up to 2 years. Fifteen different vaccination protocols are compared to a disease control protocol that relies on animal depopulation with no vaccination. Results show that over the 10‐year study period, the strictly depopulation strategy that ...