IDEAS home Printed from https://ideas.repec.org/a/wly/hlthec/v22y2013i7p824-834.html
   My bibliography  Save this article

The economic impact of H1N1 on Mexico's tourist and pork sectors

Author

Listed:
  • Dunia Rassy
  • Richard D. Smith

Abstract

By examining tourist arrivals and pork output and trade statistics, this analysis estimates the economic impact to the Mexican tourism and pork sectors because of the H1N1 influenza pandemic. It also assesses the role of the international response in the context of this economic impact. For tourism, losing almost a million overseas visitors translated into losses of around $US2.8bn, which extended over a five‐month period, mostly because of the slow return of European travellers. For the pork industry, temporal decreases in output were observed in most of the country and related to H1N1 incidence (p = 0.048, r = 0.37). By the end of 2009, Mexico had a pork trade deficit of $US27m. The losses derived from this pandemic were clearly influenced by the risk perception created in tourist‐supplying and pork trade partners. Results suggest that the wider economic implications of health‐related emergencies can be significant and need to be considered in preparedness planning. For instance, more effective surveillance and data gathering would enable policy to target emergency funding to the sectors and regions hardest hit. These results also stress the importance of being familiar with trade networks so as to be able to anticipate the international response and respond accordingly. Copyright © 2012 John Wiley & Sons, Ltd.

Suggested Citation

  • Dunia Rassy & Richard D. Smith, 2013. "The economic impact of H1N1 on Mexico's tourist and pork sectors," Health Economics, John Wiley & Sons, Ltd., vol. 22(7), pages 824-834, July.
  • Handle: RePEc:wly:hlthec:v:22:y:2013:i:7:p:824-834
    DOI: 10.1002/hec.2862
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/hec.2862
    Download Restriction: no

    File URL: https://libkey.io/10.1002/hec.2862?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. P. Beutels & W. J. Edmunds & R. D. Smith, 2008. "Partially wrong? Partial equilibrium and the economic analysis of public health emergencies of international concern," Health Economics, John Wiley & Sons, Ltd., vol. 17(11), pages 1317-1322.
    2. Moonsoo Park & Yanhong H. Jin & David A. Bessler, 2008. "The impacts of animal disease crises on the Korean meat market," Agricultural Economics, International Association of Agricultural Economists, vol. 39(2), pages 183-195, September.
    3. Smith, Richard D., 2006. "Responding to global infectious disease outbreaks: Lessons from SARS on the role of risk perception, communication and management," Social Science & Medicine, Elsevier, vol. 63(12), pages 3113-3123, December.
    4. Saghaian, Sayed H. & Reed, Michael R., 2007. "Consumer Reaction to Beef Safety Scares," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 10(1), pages 1-19.
    5. Keogh-Brown, Marcus Richard & Smith, Richard David, 2008. "The economic impact of SARS: How does the reality match the predictions?," Health Policy, Elsevier, vol. 88(1), pages 110-120, October.
    6. P. Beutels & W. J. Edmunds & R. D. Smith, 2008. "Partially wrong? Partial equilibrium and the economic analysis of public health emergencies of international concern," Health Economics, John Wiley & Sons, Ltd., vol. 17(11), pages 1317-1322, November.
    7. Marcus R. Keogh‐Brown & Simon Wren‐Lewis & W. John Edmunds & Philippe Beutels & Richard D. Smith, 2010. "The possible macroeconomic impact on the UK of an influenza pandemic," Health Economics, John Wiley & Sons, Ltd., vol. 19(11), pages 1345-1360, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Matthias Klumpp & Dominic Loske & Silvio Bicciato, 2022. "COVID-19 health policy evaluation: integrating health and economic perspectives with a data envelopment analysis approach," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 23(8), pages 1263-1285, November.
    2. Ilan Noy & Tomáš Uher, 2022. "Economic consequences of pre-COVID-19 epidemics: a literature review," Chapters, in: Mark Skidmore (ed.), Handbook on the Economics of Disasters, chapter 7, pages 117-133, Edward Elgar Publishing.
    3. Beniamino Callegari & Christophe Feder, 2022. "A Literature Review of Pandemics and Development: the Long-Term Perspective," Economics of Disasters and Climate Change, Springer, vol. 6(1), pages 183-212, March.
    4. Konstantakopoulou, Ioanna, 2022. "Does health quality affect tourism? Evidence from system GMM estimates," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 425-440.
    5. Oguzhan Cepni & Tarik Dogru & Ozgur Ozdemir, 2023. "The contagion effect of COVID-19-induced uncertainty on US tourism sector: Evidence from time-varying granger causality test," Tourism Economics, , vol. 29(4), pages 906-928, June.
    6. Emmanuel Apergis & Nicholas Apergis, 2021. "The impact of COVID-19 on economic growth: evidence from a Bayesian Panel Vector Autoregressive (BPVAR) model," Applied Economics, Taylor & Francis Journals, vol. 53(58), pages 6739-6751, December.
    7. Ilan Noy & Tomáš Uher, 2022. "Economic consequences of pre-COVID-19 epidemics: a literature review," Chapters, in: Mark Skidmore (ed.), Handbook on the Economics of Disasters, chapter 7, pages 117-133, Edward Elgar Publishing.
    8. Amjad Masood & Junaid Ahmed & Inmaculada Martínez-Zarzoso, 2022. "Gravity of Covid-19," Economics Bulletin, AccessEcon, vol. 42(1), pages 60-68.
      • Masood, Amjad & Ahmed, Junaid & Martínez-Zarzoso, Inmaculada, 2021. "Gravity of Covid-19," MPRA Paper 109651, University Library of Munich, Germany.
    9. Liu, Bingjie & Pennington-Gray, Lori & Krieger, Janice, 2016. "Tourism crisis management: Can the Extended Parallel Process Model be used to understand crisis responses in the cruise industry?," Tourism Management, Elsevier, vol. 55(C), pages 310-321.
    10. Ying Wang & Hongwei Zhang & Wang Gao & Cai Yang, 2023. "Spillover effects from news to travel and leisure stocks during the COVID-19 pandemic: Evidence from the time and frequency domains," Tourism Economics, , vol. 29(2), pages 460-487, March.
    11. Valerio Della Corte & Claudio Doria & Giacomo Oddo, 2023. "The impact of COVID‐19 on international tourism flows to Italy: Evidence from mobile phone data," The World Economy, Wiley Blackwell, vol. 46(5), pages 1378-1407, May.
    12. J. James Reade & Carl Singleton, 2020. "Demand for Public Events in the COVID-19 Pandemic: A Case Study of European Football," Economics Discussion Papers em-dp2020-09, Department of Economics, University of Reading, revised 01 Oct 2020.
    13. Yothin Jinjarak & Ilan Noy & Quy Ta, 2022. "Pandemics and Economic Growth: Evidence from the 1968 H3N2 Influenza," Economics of Disasters and Climate Change, Springer, vol. 6(1), pages 73-93, March.
    14. Zhenshan Yang & Jianan Wei & Quansheng Ge, 2023. "Friction or cooperation? Boosting the global economy and fighting climate change in the post-pandemic era," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-11, December.
    15. Niramol Promnil & Maythawin Polnyotee, 2023. "Crisis Management Strategy for Recovery of Small and Medium Hotels after the COVID-19 Pandemic in Thailand," Sustainability, MDPI, vol. 15(5), pages 1-13, February.
    16. Josua Sinaga & Ting Wu & Yu-wang Chen, 2022. "Impact of government interventions on the stock market during COVID-19: a case study in Indonesia," SN Business & Economics, Springer, vol. 2(9), pages 1-35, September.
    17. Cristina-Andrada BABA & Aurelia-Felicia STĂNCIOIU & Manuela Rozalia GABOR & Florin-Alexandru ALEXE & Flavia Dana OLTEAN & Alexandra Cristina DINU, 2020. "Considerations regarding the effects of COVID-19 on the tourism market," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(624), A), pages 271-284, Autumn.
    18. Weijia Xu & Aihua Li & Lu Wei, 2022. "The Impact of COVID-19 on China’s Capital Market and Major Industry Sectors," Annals of Data Science, Springer, vol. 9(5), pages 983-1007, October.
    19. Marina Segura & Rosa Lopez-Gigosos & Eloisa Mariscal-Lopez & Mario Gutierrez-Bedmar & Alberto Mariscal, 2019. "Trends in the travelers’ demand for pre-travel medical advice at a Spanish International Vaccination Center between 2000 and 2017," PLOS ONE, Public Library of Science, vol. 14(5), pages 1-13, May.
    20. Dębski Maciej & Borkowska-Niszczota Małgorzata & Andrzejczyk Robert, 2021. "Tourist Accommodation Establishments during the Pandemic – Consequences and Aid Report on a Survey among Polish Micro-enterprises Offering Accommodation Services," Journal of Intercultural Management, Sciendo, vol. 13(1), pages 1-25, March.
    21. Shannon M Fast & Marta C González & Natasha Markuzon, 2015. "Cost-Effective Control of Infectious Disease Outbreaks Accounting for Societal Reaction," PLOS ONE, Public Library of Science, vol. 10(8), pages 1-12, August.
    22. Ryan Thomson & Rebecca Mosier & Michelle Worosz, 2023. "COVID research across the social sciences in 2020: a bibliometric approach," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(6), pages 3377-3399, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Verikios, George, 2017. "The Importance of Periodicity in Modelling Infectious Disease Outbreaks," Conference papers 332907, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    2. Yuhan Cheng & Dongqi Cui & Zixuan Li, 2020. "COVID-19 Virus Pneumonia’s Economic Effect in Different Industries: A Case Study in China," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 10(5), pages 1-7.
    3. Deliana Kostova & Cynthia H. Cassell & John T. Redd & Desmond E. Williams & Tushar Singh & Lise D. Martel & Rebecca E. Bunnell, 2019. "Long‐distance effects of epidemics: Assessing the link between the 2014 West Africa Ebola outbreak and U.S. exports and employment," Health Economics, John Wiley & Sons, Ltd., vol. 28(11), pages 1248-1261, November.
    4. Richard Smith, 2012. "Trade in Health Services: Current Challenges and Future Prospects of Globalization," Chapters, in: Andrew M. Jones (ed.), The Elgar Companion to Health Economics, Second Edition, chapter 16, Edward Elgar Publishing.
    5. George Verikios & Maura Sullivan & Pane Stojanovski & James Giesecke & Gordon Woo, 2016. "Assessing Regional Risks From Pandemic Influenza: A Scenario Analysis," The World Economy, Wiley Blackwell, vol. 39(8), pages 1225-1255, August.
    6. Lianbiao Cui & Xiao Li & Shimei Weng & Madalina Brutu & Umer Shahzad, 2024. "Economic Costs of Work Stoppages Caused by the COVID-19 Outbreak," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 12026-12052, September.
    7. Deliana Kostova & Walter Ochieng & Rajeev Cherukupalli & John T Redd, 2020. "U.S. trade indicators and epidemics: Lessons from the 2003 SARS outbreak," Economics Bulletin, AccessEcon, vol. 40(4), pages 2610-2618.
    8. Cozzi, Guido & Galli, Silvia, 2022. "Covid-19 Vaccines, Innovation, and Intellectual Property Rights," GLO Discussion Paper Series 1095, Global Labor Organization (GLO).
    9. Marco Hafner & Erez Yerushalmi & Fredrik L. Andersson & Teodor Burtea, 2023. "Partially different? The importance of general equilibrium in health economic evaluations: An application to nocturia," Health Economics, John Wiley & Sons, Ltd., vol. 32(3), pages 654-674, March.
    10. Fang, Guanfu & Feng, Jin, 2021. "Is the 2003 SARS epidemic over? Long-term effects of epidemic exposure on mortality among older adults," China Economic Review, Elsevier, vol. 67(C).
    11. Verikios, George & Sullivan, Maura & Stojanovski, Pane & Giesecke, James & Woo, Gordon, 2011. "The Global Economic Effects of Pandemic Influenza," Conference papers 332033, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    12. Anirudh Shingal & Prachi Agarwal, 2020. "How did trade in GVC-based products respond to previous health shocks? Lessons for COVID-19," RSCAS Working Papers 2020/68, European University Institute.
    13. Ya-Chih Yang & Wu-Po Liu & Kung-Hong Shih, 2023. "The COVID-19 pandemic and firm value: the mediating effect of FinTech applications," Review of Quantitative Finance and Accounting, Springer, vol. 60(1), pages 329-344, January.
    14. Shimaa Elkomy & Tim Jackson, 2024. "Health resilience and the global pandemic: The effect of social conditions on the COVID‐19 mortality rate," Journal of International Development, John Wiley & Sons, Ltd., vol. 36(5), pages 2342-2371, July.
    15. Carlo Drago & Matteo Ruggeri, 2019. "Setting research priorities in the field of emergency management: which piece of information are you willing to pay more?," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(4), pages 2103-2115, July.
    16. Inama, M & Casaril, A & Alberti, L & Cappellari, T F & Impellizzeri, H G & Bacchion, M & Creciun, M & Moretto, G, 2021. "Reduction of the emergency activity, during the Covid 19 Italian lockdown, what's the lesson to learn?," Health Policy, Elsevier, vol. 125(9), pages 1173-1178.
    17. Rachel Glennerster & Christopher M. Snyder & Brandon Joel Tan, 2023. "Calculating the Costs and Benefits of Advance Preparations for Future Pandemics," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(3), pages 611-648, September.
    18. Marcus R. Keogh‐Brown & Simon Wren‐Lewis & W. John Edmunds & Philippe Beutels & Richard D. Smith, 2010. "The possible macroeconomic impact on the UK of an influenza pandemic," Health Economics, John Wiley & Sons, Ltd., vol. 19(11), pages 1345-1360, November.
    19. Khan, Safi Ullah, 2022. "Financing constraints and firm-level responses to the COVID-19 pandemic: International evidence," Research in International Business and Finance, Elsevier, vol. 59(C).
    20. Arthur E. Attema & Anna K. Lugnér & Talitha L. Feenstra, 2010. "Investment in antiviral drugs: a real options approach," Health Economics, John Wiley & Sons, Ltd., vol. 19(10), pages 1240-1254, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:hlthec:v:22:y:2013:i:7:p:824-834. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/cgi-bin/jhome/5749 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.