Economic impact of Ebola virus disease outbreak on an extractive firm: a case study
| Autor: | Hisham Tariq, Zia Sadique, Logan Manikam, Alan D. Knight, Yebeen Boo, Mishal S Khan, Osman Dar, David Emes, Alexander Light |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
lcsh:GE1-350
medicine.medical_specialty Health economics Sanitation Total cost Public health 030231 tropical medicine General Medicine Focus group lcsh:TD1-1066 03 medical and health sciences Indirect costs 0302 clinical medicine Economic cost medicine 030212 general & internal medicine Business Economic impact analysis lcsh:Environmental technology. Sanitary engineering Socioeconomics health care economics and organizations lcsh:Environmental sciences |
| Zdroj: | UCL Open Environment (2020) |
| ISSN: | 2632-0886 |
| Popis: | Purpose: The Ebola Virus Disease (EVD) epidemic was one of the most severe public health emergencies in modern times. The economic impact of epidemics has mostly been analysed at the macroeconomic level. Conversely, we aimed to estimate the economic costs of preventive measures of the epidemic to an extractive firm, ArcelorMittal, using data in the epidemic region from March 2014 to December 2015. ArcelorMittal is the worlds largest steel producer and particularly important in West Africa, where the extractive industry is economically crucial. Methods: Qualitative methods, in-depth interviews and focus group discussions, were used to investigate the events and channels of impact of the epidemic on the firm, as perceived by employees and contractors. Quantitative data regarding these costs was also collected. Retrospective cost analysis estimated the actual cost of preventive methods adopted. Results: Most respondents indicated the largest cost impact was suspension of Phase II expansion, a series of projects designed to increase iron ore production in Liberia. The next largest cost was the preventive measures adopted to counter disease spread. Total costs incurred for adopting preventive measures was USD 10.58-11.11 million. The overall direct costs of preventive measures adopted within the fence, meaning within the physical boundary of the firms sites, shared 30-31% of the total costs incurred. The share of external donation supporting humanitarian response was 11-12% of the total costs, followed by 7-12% of relational costs. Conclusions: The firms response during the EVD epidemic focused on its employees and operations, which was later expanded to the wider community and then in supporting the international humanitarian response. |
| Databáze: | OpenAIRE |
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