The Effect of Epidemic Diseases on Economy and Industry

Seong-hwan Min ()
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Seong-hwan Min: Korea Institute for Industrial Economics and Trade, http://www.kiet.re.kr

No 20-7, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: As COVID-19 has spread all over the world, it is having a serious impact on the global economy. Since there are yet great uncertainties regarding the ultimate duration and scope of its proliferation, it is difficult to forecast the magnitude of its impact. In this regard, investigating previous cases can provide useful information. In this paper, we investigate the effects of major epidemic diseases since 2000 on the economies and industries of some of the hardest-hit countries, including Korea. Major epidemic diseases since 2000 include SARS (2002-2003), swine flu (2009), and MERS (2015).

Keywords: COVID-19; health policy; health economics; risk management (search for similar items in EconPapers)
JEL-codes: H51 I12 I18 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2020-05-01
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kieter:2020_007

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