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Hindi Evaluation of the Economic Impacts of COVID-19 with a Computable General Equilibrium-Multi-Agent System Model
*Corresponding Author: Sebastien Mathouraparsad, Department of Economics, University of the Antilles, France, Email: sebastien.mathouraparsad@univ-antilles.fr
Copyright: © 2021 . This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Abstract
Senegal is a developing country in West Africa whose current economic crisis is intimately linked to the COVID-19 pandemic. Necessary containment measures brought with them a significant economic cost, and de-confinement was designed to obtain a quick economic recovery. At the same time, de-confinement was accompanied by new protective to activity (physical distancing, limitations on internet activities, etc.). A lockdown implies a trade off in terms of economic and health impacts. Using a multi-agent model elaborated as an epidemiological model, we evaluate the effect of government policies to counter the COVID-19 pandemic and then use a Computable General Equilibrium model to evaluate the economic impacts of those policies. Those two models are combined in a top-down approach. Finally, we discuss the possibilities offered by a variety of scenarios when a pandemic appears in the economy.
