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A Brief Tour of Economic Epidemiology Modelling

Author

Listed:
  • Raouf Boucekkine

    (Centre for Unframed Thinking (CUT), Rennes School of Business (France), and Corresponding Member, IRES-UCLouvain)

  • Shankha Chakraborty

    (Department of Economics, University of Oregon)

  • Aditya Goenka

    (Department of Economics, University of Birmingham)

  • Lin Liu

    (Corresponding author, Management School, University of Liverpool)

Abstract

Prior to the Covid-19 crisis, the integration of epidemiology and economics that is, economic epidemiology modelling (epi-econ) in literature was relatively limited. The first fully integrated general equilibrium model, (Goenka et al., 2014) was published in the Journal of Mathematical Economics (JME). The emergence of the Covid-19 crisis has prompted an unprecedented surge in the epi-econ literature. The JME has actively contributed to this area by publishing a special issue on epi-econ modelling (Volume 93) and publishing papers within this area. This survey primarily explores these JME papers along these lines: macroeconomics and policy, microeconomics and economic behavior, and mathematical advances. The survey looks ahead to some emerging areas in this literature.

Suggested Citation

  • Raouf Boucekkine & Shankha Chakraborty & Aditya Goenka & Lin Liu, 2024. "A Brief Tour of Economic Epidemiology Modelling," LIDAM Discussion Papers IRES 2024002, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    • Handle: RePEc:ctl:louvir:2024002
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    File URL: https://sites.uclouvain.be/econ/DP/IRES/2024002.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Economic epidemiology; Covid-19; pandemics; infectious diseases; NPI; optimal control; lockdowns;
    All these keywords.

    JEL classification:

    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I10 - Health, Education, and Welfare - - Health - - - General
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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