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Cross-Regional Heterogeneity in Health and Economic Outcomes during the COVID-19 Pandemic: An Analysis of Japan

Author

Listed:
  • Taisuke Nakata
  • Daisuke Fujii
  • Shotaro Beppu
  • Kohei Machi
  • Yuta Maeda
  • Hiroyuki Kubota
  • Haruki Shibuya

Abstract

Health and macroeconomic outcomes varied substantially across prefectures in Japan during the COVID-19 crisis. Using an estimated macro-epidemiological model as well as the idea of revealed preference, we compute the marginal rate of substitution (MRS) and the conditional trade-off curve between health and economic outcomes in each prefecture. We find that there is a large heterogeneity in the MRS as well as the location and shape of the conditional trade-off curve.

Suggested Citation

  • Taisuke Nakata & Daisuke Fujii & Shotaro Beppu & Kohei Machi & Yuta Maeda & Hiroyuki Kubota & Haruki Shibuya, 2023. "Cross-Regional Heterogeneity in Health and Economic Outcomes during the COVID-19 Pandemic: An Analysis of Japan," Working Papers e190, Tokyo Center for Economic Research.
    • Handle: RePEc:tcr:wpaper:e190
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    References listed on IDEAS

    as
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    More about this item

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E70 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics - - - General
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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