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      Coronavirus pandemic and tourism: Dynamic stochastic general equilibrium modeling of infectious disease outbreak

      brief-report
      a , b , * , c
      Annals of Tourism Research
      Elsevier Ltd.

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          Highlights

          • We propose a DSGE model to examine the impact of the coronavirus outbreak on tourism.

          • The model is generalizable to any epidemic.

          • The model supports the policy of providing tourism consumption vouchers for residents.

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          Most cited references10

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          The SARS, MERS and novel coronavirus (COVID-19) epidemics, the newest and biggest global health threats: what lessons have we learned?

          Abstract Objectives To provide an overview of the three major deadly coronaviruses and identify areas for improvement of future preparedness plans, as well as provide a critical assessment of the risk factors and actionable items for stopping their spread, utilizing lessons learned from the first two deadly coronavirus outbreaks, as well as initial reports from the current novel coronavirus (COVID-19) epidemic in Wuhan, China. Methods Utilizing the Centers for Disease Control and Prevention (CDC, USA) website, and a comprehensive review of PubMed literature, we obtained information regarding clinical signs and symptoms, treatment and diagnosis, transmission methods, protection methods and risk factors for Middle East Respiratory Syndrome (MERS), Severe Acute Respiratory Syndrome (SARS) and COVID-19. Comparisons between the viruses were made. Results Inadequate risk assessment regarding the urgency of the situation, and limited reporting on the virus within China has, in part, led to the rapid spread of COVID-19 throughout mainland China and into proximal and distant countries. Compared with SARS and MERS, COVID-19 has spread more rapidly, due in part to increased globalization and the focus of the epidemic. Wuhan, China is a large hub connecting the North, South, East and West of China via railways and a major international airport. The availability of connecting flights, the timing of the outbreak during the Chinese (Lunar) New Year, and the massive rail transit hub located in Wuhan has enabled the virus to perforate throughout China, and eventually, globally. Conclusions We conclude that we did not learn from the two prior epidemics of coronavirus and were ill-prepared to deal with the challenges the COVID-19 epidemic has posed. Future research should attempt to address the uses and implications of internet of things (IoT) technologies for mapping the spread of infection.
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            Rare Disasters and Asset Markets in the Twentieth Century*

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              The Value of Life and the Rise in Health Spending

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                Author and article information

                Contributors
                Journal
                Annals of Tourism Research
                Elsevier Ltd.
                0160-7383
                0160-7383
                2 April 2020
                2 April 2020
                : 102913
                Affiliations
                [a ]Department of Tourism and Hospitality Management, Temple University, Philadelphia, PA 19122, USA
                [b ]School of Economics, Jiangxi University of Finance and Economics, Nanchang, Jiangxi 330013, China
                [c ]Institute for Collaboration on Health, Intervention, and Policy (InCHIP), Department of Geography, University of Connecticut, Storrs, CT 06269, USA
                Author notes
                [* ]Corresponding author. zhanghongru@ 123456jxufe.edu.cn
                Article
                S0160-7383(20)30057-8 102913
                10.1016/j.annals.2020.102913
                7147856
                32292219
                6bdde86e-a156-4cbc-a6c6-b2e67c257e94
                © 2020 Elsevier Ltd. All rights reserved.

                Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.

                History
                : 27 February 2020
                : 26 March 2020
                : 26 March 2020
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