Health Economics and Technology Assessment Rounds IV

The NOAHE Health Economics and Technology Assessment Rounds are presented by the Institute of Health Economics, the University of Calgary Health Economics Group and HTA Unit, and the University of Alberta Health Economics Unit. Their aim is to advance health economics research and support evidence-based health policy, to improve the health outcomes of Canadians.

Round Objectives

  • To present research on topics of relevance to Health Economists, trainees, and policy makers across Alberta.
  • To bring experts in Health Economics to Alberta to present on cutting edge research.
  • To encourage collaboration and discourse between Alberta health economists, and with policy makers.

Please note that the views expressed in this series and other deliverables associated with NOAHE are not necessarily representative of any particular organization involved.

2020 - 2021 Dates

NOTE: All NOAHE Rounds IV Sessions will be online-only.

 

Upcoming Session Information

Please click here for information on past Rounds IV sessions

*Individual session information will be updated as available*

 


May 19, 2021 - Session 9

Topic: Quantifying the Economic Impacts of COVID-19 Policy Responses on Canada's Provinces In (Almost) Real Time

Presenter Name & Bio: Dr Huw Lloyd-Ellis, Professor of Economics, Queen’s University

Huw Lloyd-Ellis has conducted academic research in a broad range of areas, including economic development, growth and inequality, economic fluctuations, fiscal policy and housing. His research has been published in leading academic journals, including the American Economic Review, the Review of Economic Studies and the International Economic Review. Recently, Huw has been working on several projects developing analytical tools and policy advice related to the economic and social impacts of COVID-19 in Canada and in developing countries. He teaches and supervises research in economic development, housing and macroeconomics at both the undergraduate and graduate levels. Huw has previously taken on several administrative roles, including head of the Queen’s Economics Department (2013-2019), and is currently an Academic Economic Advisor to Limestone Analytics.


Abstract: A methodology is discussed to track and quantify the economic impacts of lock-down and re-opening policies by Canadian provinces in response to the COVID-19 pandemic, using data that is available with a relatively short time-lag. We adapt, calibrate and implement a dynamic, seasonally-adjusted, input-output model with supply constraints for all provinces. The framework makes it possible to quantify potential scenarios that allow for dynamic complementarities between industries, seasonal fluctuations, and changes in demand composition. Taking account of the observed variation in re-opening strategies across provinces, we estimate the costs of the policy response in terms of lost hours of employment and value of production. Among other implications, a more aggressive response that imposes higher economic costs in the short run, can lead to lower economic costs overall if it means avoiding future waves of lock-downs.

REGISTER HERE for Session 9