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

estimate
Recent activity on May 17, 2019
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Anonymous A asked on May 16, 2019

Let's use here a bottom-up approach.

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Vlad
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replied on May 16, 2019
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

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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Ian
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replied on May 17, 2019
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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...

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Vlad gave the best answer

Vlad

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McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
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