Optimal restart of the economy

Grant number: unknown

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Key facts

  • Disease

    COVID-19
  • Start & end year

    2020
    2020
  • Known Financial Commitments (USD)

    $54,500
  • Funder

    WWTF Austria
  • Principal Investigator

    Stefan Thurner
  • Research Location

    Austria
  • Lead Research Institution

    Complexity Science Hub
  • Research Priority Alignment

    N/A
  • Research Category

    Secondary impacts of disease, response & control measures

  • Research Subcategory

    Economic impacts

  • Special Interest Tags

    N/A

  • Study Type

    Non-Clinical

  • Clinical Trial Details

    N/A

  • Broad Policy Alignment

    Pending

  • Age Group

    Not Applicable

  • Vulnerable Population

    Not applicable

  • Occupations of Interest

    Not applicable

Abstract

The economic consequences of the current medical crisis are currently completely unpredictable. The Complexity Science Hub tries to map these consequences at company level in an existing resilience model of the Austrian economy. To this end, the project is surveying the companies' supplier networks in imminent surveys. This model can be used to estimate which company and production failures will result in further company failures. This allows companies to rank according to their systemic importance for the economy as a whole and especially for basic services. This ranking is essential in order to support optimal planning for the restart quantitatively and based on facts. Particular attention is paid to the consolidation and collection of supplier data in the food and drug sector.