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Beyond its terrible toll in human lives and suffering, the Ebola epidemic has inflicted a measurable economic impact on West Africa in terms of forgone output, higher fiscal deficits, rising prices, lower real household incomes, and greater poverty. This impact results partly from the health-care costs and forgone productivity associated with being infected, but it is driven principally by the efforts of the uninfected population to avoid exposure ('aversion behavior'). The Economic Impact of the 2014 Ebola Epidemic: Short- and Medium-Term Estimates for West Africa provides a mixed methods ana

Ebola virus disease --- Epidemics --- Public health --- Economic aspects --- Community health --- Health services --- Hygiene, Public --- Hygiene, Social --- Public health services --- Public hygiene --- Sanitary affairs --- Social hygiene --- Disease outbreaks --- Diseases --- Outbreaks of disease --- Pestilences --- Ebola fever --- Ebola hemorrhagic fever --- Outbreaks --- Health --- Human services --- Biosecurity --- Health literacy --- Medicine, Preventive --- National health services --- Sanitation --- Communicable diseases --- Hemorrhagic fever --- Virus diseases --- Pandemics

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This Selected Issues paper aims to measure the impact of the Ebola virus disease (EVD) epidemic on economic growth in Sierra Leone. A novel empirical approach is used, which is based on a Difference in Differences setup, called the Synthetic Control Method. The model suggests that EVD had a severe impact on growth. In 2014, the first year EVD hit the country, the impact on real growth excluding iron ore is estimated to be more than 5 percentage points. It is suggested that in outer years, the severity of the impact will lessen, and growth will converge to its normal path by 2018.

Ebola virus disease --- Economic development --- Fiscal policy --- Economic aspects --- Sierra Leone --- Economic policy. --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Development, Economic --- Economic growth --- Growth, Economic --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Ebola fever --- Ebola hemorrhagic fever --- Hemorrhagic fever --- Virus diseases --- Government policy --- S'erra Leone --- Serra Leôa --- Republic of Sierra Leone --- Republik Sierra Leone --- Sierra Leona --- República de Sierra Leona --- République de Sierra Leone --- Repubblica della Sierra Leone --- Сьерра-Леоне --- Республика Сьерра-Леоне --- Respublika Sʹerra-Leone --- Republika ng Sierra Leone --- Cộng hòa Sierra Leone --- Xi-ê-ra Lê-ôn --- 塞拉利昂 --- Sailali'ang --- Saila Li'ang --- シエラレオネ --- Shierareone --- シエラ・レオネ --- Shiera Reone --- Budgeting --- Exports and Imports --- Labor --- Public Finance --- Diseases: Respiratory --- Trade: General --- Public Administration --- Public Sector Accounting and Audits --- Health Behavior --- Human Capital --- Skills --- Occupational Choice --- Labor Productivity --- National Budget --- Budget Systems --- International economics --- Public finance & taxation --- Infectious & contagious diseases --- Labour --- income economics --- Budgeting & financial management --- Export diversification --- Fiscal risks --- Exports --- Ebola --- Contingent liabilities --- International trade --- Public financial management (PFM) --- Health --- Human capital --- Budget --- Income economics