Structural Econometric Estimation of the Basic Reproduction Number for Covid-19 Across U.S. States and Selected Countries

Ida Johnsson, Mohammad Pesaran and Cynthia Fan Yang

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: This paper proposes a structural econometric approach to estimating the basic reproduction number (R0) of Covid-19. This approach identifies R0 in a panel regression model by filtering out the effects of mitigating factors on disease diffusion and is easy to implement. We apply the method to data from 48 contiguous U.S. states and a diverse set of countries. Our results reveal a notable concentration of R0 estimates with an average value of 4.5. Through a counterfactual analysis, we highlight a significant underestimation of the R0 when mitigating factors are not appropriately accounted for.

Keywords: basic reproduction number; Covid-19; panel threshold regression model (search for similar items in EconPapers)
JEL-codes: C13 C33 I12 I18 J18 (search for similar items in EconPapers)
Date: 2023-09-19
New Economics Papers: this item is included in nep-ecm
Note: mhp1
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Related works:
Working Paper: Structural Econometric Estimation of the Basic Reproduction Number for Covid-19 Across U.S. States and Selected Countries (2023)
Working Paper: Structural Econometric Estimation of the Basic Reproduction Number for Covid-19 across U.S. States and Selected Countries (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:2360

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