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Vlad

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How would you go about estimating the impacts of a volcano on an economy such as Iceland

Anonym A fragte am 16. Mai 2019 - 2 Antworten

Let's use here a bottom-up approach.

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Vlad
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antwortete am 16. Mai 2019
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Hi,

"Let's use here a bottom-up approach."- is it your suggestion? Maybe you could post your ideas here first?

Clue - start with the key factors it can influence - tourism, shutdowns, emigration, costs for the reconstruction, etc

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Anonym antwortete am 17. Mai 2019

Without giving away too much, you could break it down by 1) Industries impacted 2) % impact on each industry impacted 3) Relative size of industry to Icelandic GDP.

I'm not sure how you would do this from a bottom-up approach...