IDEAS home Printed from https://ideas.repec.org/a/bla/ausecr/v54y2021i1p36-56.html
   My bibliography  Save this article

Modelling the Spread of the Coronavirus: A View from Economics

Author

Listed:
  • Peter Lloyd
  • Robert Dixon

Abstract

This article reviews the modelling of the spread in Australia of COVID‐19 from the point of view of the discipline of Economics. After a brief overview of the epidemiological approach, we show that other modelling is needed for policy purposes and especially to provide a full understanding of the economic and social costs of disease control. We look at microeconomic aspects of infection, focusing on individual behaviour, the choices facing the individual and implications for policy. The use of a cost–benefit approach and macroeconomic aspects of the pandemic are examined together with the economic consequences of policy response.

Suggested Citation

  • Peter Lloyd & Robert Dixon, 2021. "Modelling the Spread of the Coronavirus: A View from Economics," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 54(1), pages 36-56, March.
    • Handle: RePEc:bla:ausecr:v:54:y:2021:i:1:p:36-56
    DOI: 10.1111/1467-8462.12407
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-8462.12407
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-8462.12407?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ali Eshragh & Saed Alizamir & Peter Howley & Elizabeth Stojanovski, 2020. "Modeling the dynamics of the COVID-19 population in Australia: A probabilistic analysis," PLOS ONE, Public Library of Science, vol. 15(10), pages 1-19, October.
    2. Jeff Borland & Andrew Charlton, 2020. "The Australian Labour Market and the Early Impact of COVID‐19: An Assessment," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 53(3), pages 297-324, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pablo Quirós Corte & Javier Cano & Eduardo Sánchez Ayra & Chaitanya Joshi & Víctor Fernando Gómez Comendador, 2024. "Modeling the Propagation of Infectious Diseases across the Air Transport Network: A Bayesian Approach," Mathematics, MDPI, vol. 12(8), pages 1-25, April.
    2. Kimberley Reis & Cheryl Desha & Sioux Campbell & Prudence Liddy, 2022. "Working through Disaster Risk Management to Support Regional Food Resilience: A Case Study in North-Eastern Australia," Sustainability, MDPI, vol. 14(4), pages 1-28, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. James Brugler & Minsoo Kim & Zhuo Zhong, 2024. "Liquidity shocks and pension fund performance: Evidence from early access," Australian Journal of Management, Australian School of Business, vol. 49(2), pages 170-191, May.
    2. Masagus M. Ridhwan & Asep Suryahadi & Jahen F. Rezki & Immanuel Satya Pekerti, 2021. "The Labor Market Impact Of Covid-19 And The Role Of E-Commerce Development: Evidence From Indonesia," Working Papers WP/10/2021, Bank Indonesia.
    3. Wolter H. J. Hassink & Guyonne Kalb & Jordy Meekes, 2021. "Regional Coronavirus Hotspots During the COVID-19 Outbreak in the Netherlands," De Economist, Springer, vol. 169(2), pages 127-140, May.
    4. Allan Webster & Sangeeta Khorana & Francesco Pastore, 2021. "The labour market impact of COVID-19: early evidence for a sample of enterprises from Southern Europe," International Journal of Manpower, Emerald Group Publishing Limited, vol. 43(4), pages 1054-1082, November.
    5. Rastko Jovanović & Miloš Davidović & Ivan Lazović & Maja Jovanović & Milena Jovašević-Stojanović, 2021. "Modelling Voluntary General Population Vaccination Strategies during COVID-19 Outbreak: Influence of Disease Prevalence," IJERPH, MDPI, vol. 18(12), pages 1-18, June.
    6. Guay Lim & Viet Nguyen & Tim Robinson & Sarantis Tsiaplias & Jiao Wang, 2021. "The Australian Economy in 2020–21: The COVID‐19 Pandemic and Prospects for Economic Recovery," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 54(1), pages 5-18, March.
    7. Webster Allan & Khorana Sangeeta & Pastore Francesco, 2022. "The effects of COVID-19 on employment, labor markets, and gender equality in Central America," IZA Journal of Development and Migration, Sciendo & Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 13(1), pages 1-43, January.
    8. Jeff Borland & Michael Coelli, 2021. "Is It ‘Dog Days’ for the Young in the Australian Labour Market?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 54(4), pages 421-444, December.
    9. Daron Acemoglu & Ali Makhdoumi & Azarakhsh Malekian & Asuman Ozdaglar, 2024. "Testing, Voluntary Social Distancing, and the Spread of an Infection," Operations Research, INFORMS, vol. 72(2), pages 533-548, March.
    10. Ylber Aliu & Lavdim Terziu & Albulena Brestovci, 2022. "Covid-19 and Labour Market in Kosovo," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 77-92.
    11. Thomas Astell-Burt & Xiaoqi Feng, 2021. "Time for ‘Green’ during COVID-19? Inequities in Green and Blue Space Access, Visitation and Felt Benefits," IJERPH, MDPI, vol. 18(5), pages 1-21, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ausecr:v:54:y:2021:i:1:p:36-56. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/mimelau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.