A Simple Endemic Growth Model for Undergraduates

Julio Carmona

No 22-1, QM&ET Working Papers from University of Alicante, D. Quantitative Methods and Economic Theory

Abstract: The coronavirus SARS-CoV-2 has changed dramatically our lives. Most economic analysis have focused on its short run effects. However, its persistence could raise concerns about its long-run consequences. This is, unfortunately, the case for many emergent countries suffering endemic diseases. To illustrate to our undergraduate students the important consequences of persistent infectious diseases, I couple the standard Solow model, taught in any introductory course to economic growth, with a simple model of persistent diseases, the so called SIS model. Additionally, this will also illustrate the usefulness of the well known Lyapunov theorem, an essential tool for the convergence analysis in many dynamical systems.

Keywords: SIS Model; Solow Model; Lyapunov Theorem (search for similar items in EconPapers)
JEL-codes: E00 I15 O40 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2022-01-19, Revised 2022-03-03
New Economics Papers: this item is included in nep-gro, nep-his and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:ris:qmetal:2022_001

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