The Global Economic Effects of Pandemic Influenza
George Verikios (),
James Giesecke and
Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre
We analyse the global economic effects of two influenza pandemics that represent extremes along the virulence-infectiousness continuum of possible pandemics: a high virulence-low infectiousness event and a low virulence-high infectiousness event. We do this by applying results from a susceptible-infected-recovered epidemiological model to a detailed, quarterly computable general equilibrium model. Our findings indicate that global economic activity will be more strongly affected by a pandemic with high infection rates rather than high virulence rates, all else being equal. At the regional level, regions with a higher degree of economic integration with the world economy will be affected more strongly than less integrated regions.
Keywords: computable general equilibrium; pandemic influenza; quarterly periodicity (search for similar items in EconPapers)
JEL-codes: C68 E37 I18 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cmp, nep-cwa and nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Published in Verikios, G., Sullivan, M. Stojanovski, P., Giesecke, J. and G. Woo, (2015), 'Assessing regional risks from pandemic influenza: a scenario analysis', The World Economy, 39: 1225-1255.
Downloads: (external link)
https://www.copsmodels.com/ftp/workpapr/g-224.pdf Initial version, 2011-10 (application/pdf)
https://www.copsmodels.com/elecpapr/g-224.htm Local abstract: may link to additional material. (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cop:wpaper:g-224
Access Statistics for this paper
More papers in Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre Contact information at EDIRC.
Bibliographic data for series maintained by Mark Horridge ().