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

Someone asked on May 16, 2019 - 2 answers

Let's use here a bottom-up approach.

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Vlad replied on May 16, 2019
McKinsey / Accenture / Got all BIG3 offers / More than 300 real MBB cases / 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

Best

Ian
Expert
replied on May 17, 2019
BCG Consultant | MBA Stern | 100% interview success rate (8/8 incl BCG, A.T. Kearney, Strategy&) |Personalized interview prep

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...