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Economic impact of COVID-19 on tourism and remittances: Insights from Egypt

Using the SAM multiplier model for Egypt, we simulate the individual and combined effects of a collapse in the tourism sector and reductions in Suez Canal revenues and in foreign remittances under more and less pessimistic scenarios. SAM multiplier models are well-suited to measuring short-term dire...

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Main Authors: Breisinger, Clemens, Latif, Abla Abdel, Raouf, Mariam, Wiebelt, Manfred
Format: Book Chapter
Language:Inglés
Published: International Food Policy Research Institute 2020
Subjects:
models
economic situation
economic impact
covid-19
tourism
remittances
economic crises
household income
food security
Online Access:https://hdl.handle.net/10568/143157
Summary:Using the SAM multiplier model for Egypt, we simulate the individual and combined effects of a collapse in the tourism sector and reductions in Suez Canal revenues and in foreign remittances under more and less pessimistic scenarios. SAM multiplier models are well-suited to measuring short-term direct and indirect impacts of unanticipated, rapid-onset demand- or supply-side economic shocks such as those caused by the COVID-19 pandemic. We model the demand shocks as the anticipated reductions in tourism, Suez Canal, and remittances revenues.

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