Cross-regional heterogeneity in health and economic outcomes during the COVID-19 pandemic: An analysis of Japan

Shotaro Beppu, Daisuke Fujii, Hiroyuki Kubota, Kohei Machi, Yuta Maeda, Taisuke Nakata and Haruki Shibuya

Journal of the Japanese and International Economies, 2023, vol. 70, issue C

Abstract: Health and macroeconomic outcomes varied substantially across prefectures in Japan during the COVID-19 crisis. Using an estimated macro-epidemiological model as well as the idea of revealed preference, we compute the marginal rate of substitution (MRS) and the conditional trade-off curve between health and economic outcomes in each prefecture. We find that there is a large heterogeneity in the MRS as well as the location and shape of the conditional trade-off curve.

Keywords: COVID-19; SIR model; Epidemiology; Value of a statistical life (search for similar items in EconPapers)
JEL-codes: E17 E70 I18 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Working Paper: Cross-Regional Heterogeneity in Health and Economic Outcomes during the COVID-19 Pandemic: An Analysis of Japan (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jjieco:v:70:y:2023:i:c:s0889158323000308

DOI: 10.1016/j.jjie.2023.101275

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