COVID-19 Contagion Among Countries
Franjo Štiblar ()
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Franjo Štiblar: University of Ljubljana
Chapter Chapter 2 in Macroeconomic Responses to the COVID-19 Pandemic, 2021, pp 17-52 from Springer
Abstract:
Abstract The study analyzes differences in causes of COVID-19 contagion among 43 major countries in the world in November 2020 based on their economic, demographic, geostrategic, and political characteristics. The most significant common factor appears to be the intensity of interpersonal relations which is higher in more developed countries and thus defines COVID-19 as a disease of the rich. The proposed formal model defines the tipping point for lockdown when daily human losses (number of COVID deceased times costs the value of human being) exceeds economic losses (lost GDP). The estimated difference in COVID contagion of the individual country from the general rule as estimated by regression for 43 countries identifies measures to be undertaken to improve the country’s COVID situation.
Keywords: Economic cost; Econometric analysis; Economic policy (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-75444-0_2
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DOI: 10.1007/978-3-030-75444-0_2
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