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Cross-regional heterogeneity in health and economic outcomes during the COVID-19 pandemic: An analysis of Japan

Author

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

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

  • Beppu, Shotaro & Fujii, Daisuke & Kubota, Hiroyuki & Machi, Kohei & Maeda, Yuta & Nakata, Taisuke & Shibuya, Haruki, 2023. "Cross-regional heterogeneity in health and economic outcomes during the COVID-19 pandemic: An analysis of Japan," Journal of the Japanese and International Economies, Elsevier, vol. 70(C).
    • Handle: RePEc:eee:jjieco:v:70:y:2023:i:c:s0889158323000308
    DOI: 10.1016/j.jjie.2023.101275
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    More about this item

    Keywords

    COVID-19; SIR model; Epidemiology; Value of a statistical life;
    All these keywords.

    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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