IDEAS home Printed from https://ideas.repec.org/a/spr/jknowl/v5y2014i2p265-275.html
   My bibliography  Save this article

Applying Epidemiological Principles to Economic Issues

Author

Listed:
  • Nikolaos Evangelatos
  • Elias Carayannis

Abstract

Epidemiology is an interdisciplinary science with significant contributions to other academic disciplines. Theoretical tools from epidemiology have been used for the study of the rate and extent of propagation of computer virus infections and of the processes that determine how social networks form and operate, especially with respect to the spread of behaviors that affect public health. The recent global economic developments have revealed the existence of clear rhetorical analogies between medicine and economic science. The metaphor of the economic crisis as a “financial disease” that “spreads” throughout the financial markets has been used to describe the complex phenomenon of chain reactions between economic interconnected entities. Traditional empirical and theoretical frameworks have failed to incorporate the effects of these types of “social contagion” in their predictive models and the need for new approaches is now obvious. Epidemiological tools and methods have already been incorporated in economic-related fields of study such as Epidemiology Economics and Pharma-Economics and, more recently, in the assessment and prediction of public health crises. Scope of this paper is to explore whether the abovementioned analogies between medical and economic terms are merely rhetorical or if they could be used as the basis for a new conceptual framework that links these metaphors to economic science concepts. The epidemiological tools of case-control and cohort studies are used to identify early “signs and symptoms”, and guide the adoption of appropriate measures and control of possible economic contagion. Copyright Springer Science+Business Media New York 2014

Suggested Citation

  • Nikolaos Evangelatos & Elias Carayannis, 2014. "Applying Epidemiological Principles to Economic Issues," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 5(2), pages 265-275, June.
    • Handle: RePEc:spr:jknowl:v:5:y:2014:i:2:p:265-275
    DOI: 10.1007/s13132-014-0182-y
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s13132-014-0182-y
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s13132-014-0182-y?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. Donald D. Hackney & Daniel Friesner & Matthew L. McPherson, 2012. "On the Need for Financial Epidemiology," International Journal of Social Ecology and Sustainable Development (IJSESD), IGI Global, vol. 3(4), pages 48-60, October.
    2. Anonymous, 1947. "World Health Organization," International Organization, Cambridge University Press, vol. 1(3), pages 535-537, September.
    3. Anonymous, 1947. "World Health Organization," International Organization, Cambridge University Press, vol. 1(1), pages 134-136, February.
    4. Corden, W Max & Neary, J Peter, 1982. "Booming Sector and De-Industrialisation in a Small Open Economy," Economic Journal, Royal Economic Society, vol. 92(368), pages 825-848, December.
    Full references (including those not matched with items on IDEAS)

    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. Daron Acemoglu & Simon Johnson & James A. Robinson, 2011. "Hither Thou Shalt Come, But No Further: Reply to "The Colonial Origins of Comparative Development: An Empirical Investigation: Comment"," NBER Working Papers 16966, National Bureau of Economic Research, Inc.
    2. Jorge Iván Rincón Córdoba, (editor). & Nicolás Cabezas Manosalva, (editor)., 2021. "Derecho Administrativo Sanitario Tomo I. Derecho a la Salud, Salubridad Pública y Condiciones Sanitarias de las Ciudades," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1299, March.
    3. Ahmed, Nina, 2005. "Intergenerational Impact of Immigrants' Selection and Assimilation on Health Outcomes of Children," Analytical Studies Branch Research Paper Series 2005247e, Statistics Canada, Analytical Studies Branch.
    4. A. Awad & Lakshmi Voruganti, 2012. "Measuring Quality of Life in Patients with Schizophrenia," PharmacoEconomics, Springer, vol. 30(3), pages 183-195, March.
    5. Daron Acemoglu & Simon Johnson, 2007. "Disease and Development: The Effect of Life Expectancy on Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 115(6), pages 925-985, December.
    6. Bill Shaw & Jessica Magaldi, 2010. "Analyzing the Politics of Health Care: Let’s Buy Ourselves Some Civilization," Journal of Business Ethics, Springer, vol. 92(1), pages 33-47, March.
    7. Hanrieder, Tine, 2015. "The path-dependent design of international organizations: Federalism in the World Health Organization," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 21(1), pages 215-239.
    8. Daron Acemoglu & Simon Johnson & James A. Robinson, 2012. "The Colonial Origins of Comparative Development: An Empirical Investigation: Reply," American Economic Review, American Economic Association, vol. 102(6), pages 3077-3110, October.
    9. Walker, Chad & Baxter, Jamie & Ouellette, Danielle, 2015. "Adding insult to injury: The development of psychosocial stress in Ontario wind turbine communities," Social Science & Medicine, Elsevier, vol. 133(C), pages 358-365.
    10. Emanuele Leporelli & Giovanni Santi, 2019. "From Psychology of Sustainability to Sustainability of Urban Spaces: Promoting a Primary Prevention Approach for Well-Being in the Healthy City Designing. A Waterfront Case Study in Livorno," Sustainability, MDPI, vol. 11(3), pages 1-18, February.
    11. Rotheram-Borus, Mary Jane & Murphy, Debra A. & Wight, Richard G. & Lee, Martha B. & Lightfoot, Marguerita & Swendeman, Dallas & Birnbaum, Jeffrey M. & Wright, Whitney, 2001. "Improving the quality of life among young people living with HIV," Evaluation and Program Planning, Elsevier, vol. 24(2), pages 227-237, May.
    12. Hein, Wolfgang, 2016. "Intellectual property rights and health: The constraints of WHO authority and the rise of global health governance as an element of contestation," Discussion Papers, Research Unit: Global Governance SP IV 2016-110, WZB Berlin Social Science Center.
    13. Atina Krajewska, 2015. "Bioethics and Human Rights in the Constitutional Formation of Global Health," Laws, MDPI, vol. 4(4), pages 1-32, December.
    14. David Evans, 1994. "Enhancing quality of life in the population at large," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 33(1), pages 47-88, August.
    15. Heinz Klug, 2008. "Law, Politics, and Access to Essential Medicines in Developing Countries," Politics & Society, , vol. 36(2), pages 207-245, June.
    16. Arguello, Ricardo & Jimenez, Dora, 2015. "Dutch Disease, Informality, and Employment Intensity in Colombia," Conference papers 332597, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    17. Guy Michaels, 2011. "The Long Term Consequences of Resource‐Based Specialisation," Economic Journal, Royal Economic Society, vol. 121(551), pages 31-57, March.
    18. Brahmbhatt, Milan & Canuto, Otaviano & Vostroknutova, Ekaterina, 2010. "Dealing with Dutch Disease," World Bank - Economic Premise, The World Bank, issue 16, pages 1-7, June.
    19. Peter Tulip, 2014. "The Effect of the Mining Boom on the Australian Economy," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 17-22, December.
    20. Muntasir Murshed & Seemran Rashid, 2020. "An Empirical Investigation of Real Exchange Rate Responses to Foreign Currency Inflows: Revisiting the Dutch Disease Phenomenon in South Asia," The Economics and Finance Letters, Conscientia Beam, vol. 7(1), pages 23-46.

    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:spr:jknowl:v:5:y:2014:i:2:p:265-275. 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.