Optimal restart of the economy
- Funded by WWTF Austria
- Total publications:0 publications
Grant number: unknown
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Key facts
Disease
COVID-19Start & end year
20202020Known Financial Commitments (USD)
$54,500Funder
WWTF AustriaPrincipal Investigator
Stefan ThurnerResearch Location
AustriaLead Research Institution
Complexity Science HubResearch Priority Alignment
N/A
Research Category
Secondary impacts of disease, response & control measuresResearch Subcategory
Economic impactsSpecial Interest Tags
N/AStudy Type
Non-ClinicalClinical Trial Details
N/ABroad Policy Alignment
PendingAge Group
Not ApplicableVulnerable Population
Not applicableOccupations 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.