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Quantifying the Impact of COVID19 on US State GDPs

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Author(s)
Feldman, Evan J.
Advisor(s)
Rahmandad, Hazhir
Date Issued
May 2022
Publisher
Massachusetts Institute of Technology
Abstract
We have developed a system dynamics model of the economic impact of COVID-19 in the USA. Our model calculates the net impact of covid on a given states GDP and subtracts it from the non-pandemic counterfactual (continued growth at the same right as in the immediate pre-pandemic years). The model’s results show a $1.7 t loss in GDP attributable to covid and spread out over the 2 years since the initial shock in Q1 of 2022.
MIT Department
System Design and Management Program.
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