The Macroeconomic Impact of Ebola Virus Disease (Evd): A Contribution to the Empirics of Growth

Obukohwo Oba Efayena ()
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Obukohwo Oba Efayena: University of Nigeria

Acta Universitatis Danubius. OEconomica, 2016, issue 12(2), 127-135

Abstract: The paper addressed the formulation of a macro model to capture the macroeconomic impact of the Ebola Virus Disease (EVD). Previous studies has adopted various models such as the dynamic computable general equilibrium (CGE) model, endogenous model and the LINKAGE model, but there is dire need to generate a step-by-step model which will comprehensively capture how the Ebola Virus Disease (EVD) impacts on macroeconomic variables. Adopting the traditional neoclassical growth model, the model aggregated the various macroeconomic variables as well as captured the epidemic’s strain on each of these variables. The paper also empirically shows that the Ebola Virus Disease (EVD) has direct, indirect and deferred indirect cost implications for the economy. Using case studies of countries in Africa, the study evaluated how the Ebola Virus Disease (EVD) has affected the macroeconomic status of selected economies. The findings imply that there is dire need to control the spread of the deadly plague. The paper contribute immensely to empirical studies in the field of macroeconomics.

Keywords: neoclassical growth model; macroeconomic; framework; steady state; computable general equilibrium; Ebola virus disease. (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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