The economic benefits and costs of COVID-19 mitigation measures in Mexico/Beneficios y costos económicos de las medidas de mitigación por el COVID-19 en México

Rubén Irvin Rojas Valdés
Additional contact information
Rubén Irvin Rojas Valdés: Centro de Investigación y Docencia Económicas

Estudios Económicos, 2021, vol. 36, issue 1, 27-56

Abstract: In this paper I calculate the daily flows of COVID-19 cases under the scenario of social distance and restricted economic activity implemented during the first months after the beginning of the epidemic, and under a counterfactual uncontrolled scenario with no mitigation measures. I estimate that social distance policies reduce the number of COVID-19 cases by 33%, saving over 292,000 lives. The benefits of these measures are monetized as 526 billion USD. Under a plausible economic recovery trajectory, I estimate that the net cost of mitigation in terms of output gap is equal to 35% of Mexico’s 2019 GDP.

Keywords: COVID-19; Mexico; cost-benefit; epidemic (search for similar items in EconPapers)
JEL-codes: D16 H12 H42 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/415/530 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:emx:esteco:v:36:y:2021:i:1:p:27-56

Access Statistics for this article

More articles in Estudios Económicos from El Colegio de México, Centro de Estudios Económicos Contact information at EDIRC.
Bibliographic data for series maintained by Ximena Varela ().