IDEAS home Printed from https://ideas.repec.org/a/kap/enreec/v76y2020i4d10.1007_s10640-020-00442-z.html
   My bibliography  Save this article

The Economy, Climate Change and Infectious Diseases: Links and Policy Implications

Author

Listed:
  • William Brock

    (University of Wisconsin
    University of Missouri)

  • Anastasios Xepapadeas

    (University of Economics and Business
    University of Bologna)

Abstract

This short paper provides a modeling framework for unifying the economy, climate change and the outbreak of infectious diseases such as the recent COVID-19 pandemic. We stress that continuous growth of consumption activities, capital accumulation and climate change could increase the potential of the epidemic, its contact number or the probability of its arrival. This framework of analysis allows us to think of infectious disease policies in two stages. In the short run, containment policies like social distancing could help to stop the epidemic. In the medium and the long run, economic policies could help to reduce the potential of the epidemic or the probability of its emergence.

Suggested Citation

  • William Brock & Anastasios Xepapadeas, 2020. "The Economy, Climate Change and Infectious Diseases: Links and Policy Implications," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 811-824, August.
    • Handle: RePEc:kap:enreec:v:76:y:2020:i:4:d:10.1007_s10640-020-00442-z
    DOI: 10.1007/s10640-020-00442-z
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10640-020-00442-z
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10640-020-00442-z?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Frederick Ploeg & Aart Zeeuw, 2019. "Pricing Carbon and Adjusting Capital to Fend Off Climate Catastrophes," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(1), pages 29-50, January.
    2. Polasky, Stephen & de Zeeuw, Aart & Wagener, Florian, 2011. "Optimal management with potential regime shifts," Journal of Environmental Economics and Management, Elsevier, vol. 62(2), pages 229-240, September.
    3. Brock, W. & Xepapadeas, A., 2017. "Climate change policy under polar amplification," European Economic Review, Elsevier, vol. 99(C), pages 93-112.
    4. H. Damon Matthews & Nathan P. Gillett & Peter A. Stott & Kirsten Zickfeld, 2009. "The proportionality of global warming to cumulative carbon emissions," Nature, Nature, vol. 459(7248), pages 829-832, June.
    5. Michael Greenstone & Vishan Nigam, 2020. "Does Social Distancing Matter?," Working Papers 2020-26, Becker Friedman Institute for Research In Economics.
    6. Pollak, Robert A & Wachter, Michael L, 1975. "The Relevance of the Household Production Function and Its Implications for the Allocation of Time," Journal of Political Economy, University of Chicago Press, vol. 83(2), pages 255-277, April.
    7. Tornatore, Elisabetta & Maria Buccellato, Stefania & Vetro, Pasquale, 2005. "Stability of a stochastic SIR system," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 354(C), pages 111-126.
    Full references (including those not matched with items on IDEAS)

    Citations

    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Environment

    Citations

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


    Cited by:

    1. Augeraud-Véron, Emmanuelle & Fabbri, Giorgio & Schubert, Katheline, 2021. "Prevention and mitigation of epidemics: Biodiversity conservation and confinement policies," Journal of Mathematical Economics, Elsevier, vol. 93(C).
    2. Robert J. R. Elliott & Ingmar Schumacher & Cees Withagen, 2020. "Suggestions for a Covid-19 Post-Pandemic Research Agenda in Environmental Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 1187-1213, August.
    3. William Brock & Anastasios Xepapadeas, 2024. "Land-use, climate change and the emergence of infectious diseases: A synthesis," DEOS Working Papers 2409, Athens University of Economics and Business.
    4. Marion Davin & Mouez Fodha & Thomas Seegmuller, 2023. "Environment, public debt, and epidemics," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 25(6), pages 1270-1303, December.
    5. Nana Liu & Zeshui Xu & Marinko Skare, 2021. "The research on COVID-19 and economy from 2019 to 2020: analysis from the perspective of bibliometrics," Oeconomia Copernicana, Institute of Economic Research, vol. 12(2), pages 217-268, June.
    6. William Brock & Anastasios Xepapadeas, 2023. "Natural world preservation and infectious diseases: Land-use, climate change and innovation," DEOS Working Papers 2319, Athens University of Economics and Business.

    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. Simon Levin & Anastasios Xepapadeas, 2021. "On the Coevolution of Economic and Ecological Systems," Annual Review of Resource Economics, Annual Reviews, vol. 13(1), pages 355-377, October.
    2. Dominika Czyz & Karolina Safarzynska, 2023. "Catastrophic Damages and the Optimal Carbon Tax Under Loss Aversion," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 85(2), pages 303-340, June.
    3. Gustav Engström & Johan Gars, 2016. "Climatic Tipping Points and Optimal Fossil-Fuel Use," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 65(3), pages 541-571, November.
    4. Lee H. Endress & James A. Roumasset & Christopher A. Wada, 2020. "Do Natural Disasters Make Sustainable Growth Impossible?," Economics of Disasters and Climate Change, Springer, vol. 4(2), pages 319-345, July.
    5. Yongyang Cai & William Brock & Anastasios Xepapadeas, 2023. "Climate Change Impact on Economic Growth: Regional Climate Policy under Cooperation and Noncooperation," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 10(3), pages 569-605.
    6. Johannes Emmerling & Ulrike Kornek & Valentina Bosetti & Kai Lessmann, 2021. "Climate thresholds and heterogeneous regions: Implications for coalition formation," The Review of International Organizations, Springer, vol. 16(2), pages 293-316, April.
    7. Thomas S. Lontzek & Daiju Narita & Ole Wilms, 2016. "Stochastic Integrated Assessment of Ecosystem Tipping Risk," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 65(3), pages 573-598, November.
    8. Anthony Wiskich, 2024. "Social Costs of Methane and Carbon Dioxide in a Tipping Climate," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 87(5), pages 1275-1293, May.
    9. Zeeuw, Aart de, 2024. "Climate change, tipping points, and economics," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 109(C).
    10. George Economides & Anastasios Xepapadeas, 2018. "Monetary policy under climate change," Working Papers 247, Bank of Greece.
    11. Christos Karydas & Anastasios Xepapadeas, 2019. "Climate change risks: pricing and portfolio allocation," CER-ETH Economics working paper series 19/327, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    12. Manoussi, Vassiliki & Xepapadeas, Anastasios & Emmerling, Johannes, 2018. "Climate engineering under deep uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 94(C), pages 207-224.
    13. Bretschger, Lucas, 2020. "Malthus in the light of climate change," European Economic Review, Elsevier, vol. 127(C).
    14. Xepapadeas, Anastasios, 2024. "Uncertainty and climate change: The IPCC approach vs decision theory," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 109(C).
    15. George Economides & Anastasios Xepapadeas, 2025. "Monetary policy stabilization in a new Keynesian model under climate change," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 56, April.
    16. Nicolas Taconet & Céline Guivarch & Antonin Pottier, 2021. "Social Cost of Carbon Under Stochastic Tipping Points," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 78(4), pages 709-737, April.
    17. Marc Gronwald, 2023. "Explosive Temperatures," CESifo Working Paper Series 10680, CESifo.
    18. Jin, Wei, 2021. "Path dependence, self-fulfilling expectations, and carbon lock-in," Resource and Energy Economics, Elsevier, vol. 66(C).
    19. Ichino, Andrea & Favero, Carlo A. & Rustichini, Aldo, 2020. "Restarting the economy while saving lives under Covid-19," CEPR Discussion Papers 14664, C.E.P.R. Discussion Papers.
    20. Diebold, Francis X. & Rudebusch, Glenn D., 2023. "Climate models underestimate the sensitivity of Arctic sea ice to carbon emissions," Energy Economics, Elsevier, vol. 126(C).

    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:kap:enreec:v:76:y:2020:i:4:d:10.1007_s10640-020-00442-z. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.